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Credit karma what is going on

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Established Member

Credit karma what is going on

My credit karma VantageScore 3.0 put me on fair credit only because I lower my utilization 6% to 4% thats is the only change my fico score 8 on TU is 772 but in Ck is 643 and my fico score 8 on EQ is 768 but in CK is 637 I have experian premium subscription to now my fico scores but why is CK so mess up
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Community Leader
Super Contributor

Re: Credit karma what is going on

Credit Karma is using the Vantage 3.0 scoring model which is essentially useless for people. Use CK to monitor your reports such as balances, utilization, new accounts reporting, hard pulls, etc but don't use their scores. The FICO scores you pulled are accurate and the ones you should care about.

2020 is like a steak cooked well-done that needs to get out of my face. - @imapharmacygirl
Message 2 of 30
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Established Member

Re: Credit karma what is going on

In other words CK is crap 😂😂
Message 3 of 30
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Community Leader
Super Contributor

Re: Credit karma what is going on


@123-xavier777 wrote:
In other words CK is crap 😂😂

Well, it's great as a free credit monitoring service but for scoring purposes it shouldn't even be acknowledged

2020 is like a steak cooked well-done that needs to get out of my face. - @imapharmacygirl
Message 4 of 30
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Frequent Contributor

Re: Credit karma what is going on

I get the apprehension about VS3 and its materially different algos from Fico but it is a real scoring system and should be followed along with the others. While everyone is unfamiliar with what makes it tick, if you track it alongside with the changes in your profile over time it will start to make sense. Yes it counts events differently than fico but that is why it exists. Many times changes will occur in your profile but fico wont budge. Meanwhile VS3 is moving like crazy. I feel its way more sensitive than fico to smaller changes or events in your credit activity. Good or bad, its only reacting to data input which is its main purpose. Over time as people start to get a feel for what makes it tick people will warm up to it. In the meantime, i feel everyone should keep an eye on it as its a real thing and is being adopted more and more by lenders. Maybe it wont unseat fico as the top dog in the very near future but it will still be seen as a tool in credit evaluation. Better to try to understand it than ignore it and wish you didnt.

BTW... not affiliated in any way. 😂
08/2019:
12/2019:

~ This is Chess... It ain't Checkers!!! ~


Message 5 of 30
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Community Leader
Super Contributor

Re: Credit karma what is going on


@SilverSmith wrote:
I get the apprehension about VS3 and its materially different algos from Fico but it is a real scoring system and should be followed along with the others. While everyone is unfamiliar with what makes it tick, if you track it alongside with the changes in your profile over time it will start to make sense. Yes it counts events differently than fico but that is why it exists. Many times changes will occur in your profile but fico wont budge. Meanwhile VS3 is moving like crazy. I feel its way more sensitive than fico to smaller changes or events in your credit activity. Good or bad, its only reacting to data input which is its main purpose. Over time as people start to get a feel for what makes it tick people will warm up to it. In the meantime, i feel everyone should keep an eye on it as its a real thing and is being adopted more and more by lenders. Maybe it wont unseat fico as the top dog in the very near future but it will still be seen as a tool in credit evaluation. Better to try to understand it than ignore it and wish you didnt.

BTW... not affiliated in any way. 😂

IMHO, I don't believe it has anything to do with whether people will get a feel for it or not. My stance is: If lenders are not using it to determine my credit worthiness for a credit product, then it is useless to me. Now, if/when that changes, that's a horse of a different color. Then, I'll take a second glance. Just my 2cents.


DEC 2019: EX 816, TU 820, EQ 810
DEC 2018: EX 777, TU 783, EQ 799

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Message 6 of 30
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Regular Contributor

Re: Credit karma what is going on

Hi. I've actually had an experience with BCU using vantage score as part of their evaluation for a credit card consideration recently.

Message 7 of 30
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Established Contributor

Re: Credit karma what is going on


@jmos wrote:

Hi. I've actually had an experience with BCU using vantage score as part of their evaluation for a credit card consideration recently.


Which one?

 

 

050719:     
091020:     

Message 8 of 30
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Community Leader
Senior Contributor

Re: Credit karma what is going on

I really wish they just did monitoring and no scores, these correlations 🤮🤮🤮🤮
EXP 758 TU 783 EQ 729
Message 9 of 30
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Regular Contributor

Re: Credit karma what is going on

CK is wonky. Don’t trust those scores. It seems Synchrony is going to Vantage as well. Useless for scores.
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