My Fico vs Credit Karma

[Anonymous]

Hello All!
How does the FICO score and monitoring differ from Credit Karma? I am new here and am debating signing up for monitoring through myFICO. My scores are low 500's. How will this sites monitoring help me over the other?
By the way, I just signed up all of 5 minutes ago, so I'm the newest newbie here 😆

Thank you in advance for any replies

[bestchoiceglobal]

Welcome Credit Karma is good for reports and being free. The scores are FAKOS. MY FICO is good for monitoring your scores but you don't get regular reports. There's a thread about Credit Check Total which can give you more info and seems to be a popular one.

[bestchoiceglobal]

I'll add. Credit Check Total gives you your Fico Scores, a daily experian report, and I believe once weekly all 3 reports.

[Anonymous]

Another question.....
When I applied for my Fifth Third secured credit card, the banker said my credit score was 20 points under my highest on Credit Karma and 10 points higher than my lowest. If CK scores are not the real ones, but were so close, does utilizing this sites monitoring really make a huge difference? I want to do what's best, but don't want to spend unnecessary money doing it.

Thank you for such a quick reply!

[bestchoiceglobal]

It's up to you and really depends on your financial goals. If you're more interested in your reports and to have a general idea of your credit standing Credit Karma can work. I wouldn't rely on their scores as they can fluctuate for certain changes in different ways than your Ficos. Sometimes they are very close and sometimes they are 50+ points off. If you want to go the credit karma route I just suggest pulling your true Ficos before applying for credit or planning major purchases to know where you stand. Also, some credit cards will give you your Fico scores for free.

[cakkd]

My Credit Karma scores are more than 50 points higher than my Discover It MyFico score. My guess is Credit Karma probably isn't taking much account of a CO I had about seven years ago, while myFICO is. I'm thinking once that drops off the scores will be much closer.

[cakkd]

Just checked: CK scores are 59 and 63 points higher. Besides the CO, the only negs I have are two 30-day lates between three and four years old. Utilization is 12%.

[OMW2_HighAcheiver]

So...... I just signed up here for monitoring and my scores are 74 points higher on myFico!  Okay? I'm (1) confused (2) angry!  Which should I believe? Ficos are true scores right?

[cakkd]

From what I've seen, FICO scores are closer to what the banks/credit issuers pull. 

[OMW2_HighAcheiver]

Ok thanks! One more question..... is the app in the app store (myFICO) legit? It reads it only has one download.