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Credit Karma

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Credit Karma


Does CK allow you to simulate your score to see how changes in your credit behaviors would impact your future score?








Gardening since April 2018
Message 1 of 8
7 REPLIES 7
Senior Contributor

Re: Credit Karma

Yes. Basically all the Vantage score and even MyFICO simulators should be called Guess-a-meters. They aren't reliable and only go by a score. Doesnt take into account all the baddies on someones report per say and other things that make up your score. FICO scores are like a fingerprint. No one has the same report.





My posts are JMHO. I DO NOT claim to be a FICO expert. Just sharing my experiences from rebuild to recovery after BK DC. My siggy is not to brag at all. Just to show fellow members what can be accomplished when you do it right and play the FICO Credit Game.
Message 2 of 8
Senior Contributor

Re: Credit Karma


@mppaul271 wrote:

Does CK allow you to simulate your score to see how changes in your credit behaviors would impact your future score?


Yes, it has a simulator from TransUnion for VantageScore 3.0. Click on resources and select "credit score simulator".

 

CK VS3 simulator.jpg

Fico 8: .......EQ 850 TU 850 EX 850
Fico 9: .......EQ 850 TU 850 EX 850
Fico 4 .....:. EQ 809 TU 823 EX 830 EX Fico 98: 842
VS 3.0:...... EQ 835 TU 835 EX 835
Fico 8 BC:. EQ 892 TU 900 EX 900
CBIS: ........EQ LN Auto 940 EQ LN Home 870 TU Auto 902 TU Home 950
Message 3 of 8
Community Leader
Senior Contributor

Re: Credit Karma

Although it does have a simulator it is about as reliable as their scores,  no lenders use them so it is really worthless.

 

Only good thing about CK is you can monitor your reports for changes etc.

EXP 753 TU 781 EQ 733
Message 4 of 8
Super Contributor

Re: Credit Karma


@Jnbmom wrote:

Although it does have a simulator it is about as reliable as their scores,  no lenders use them so it is really worthless.

 

Only good thing about CK is you can monitor your reports for changes etc.


But boy is that ever a good thing.  Really nice to have a free tool that will enable you to pull your reports as often as once every 7 days.  And we have had many people on the forum who have said that Karma's alerts are much more prompt than (for example) that of myFICO Ultimate.

 

Also really nice to have a free source of the TU Auto Insurance score, since the only alternative is the LexisNexis Auto Insurance score and that costs you every time you pull it.

Message 5 of 8
Senior Contributor

Re: Credit Karma

Actually CK has property (home) insurance score available as well - and they are different.

 

Regarding LexisNexis (LN), I have been unable to get a paid for score through their website this year. The prior links are dead. I believe they shutdown that option either March or April 2018.

Fico 8: .......EQ 850 TU 850 EX 850
Fico 9: .......EQ 850 TU 850 EX 850
Fico 4 .....:. EQ 809 TU 823 EX 830 EX Fico 98: 842
VS 3.0:...... EQ 835 TU 835 EX 835
Fico 8 BC:. EQ 892 TU 900 EX 900
CBIS: ........EQ LN Auto 940 EQ LN Home 870 TU Auto 902 TU Home 950
Message 6 of 8
Contributor

Re: Credit Karma

@Thomas Thumb where do I find the property score?








Gardening since April 2018
Message 7 of 8
Super Contributor

Re: Credit Karma

You can find your home/auto insurance scores through CK here:

https://www.creditkarma.com/myfinances/scores/insurance

Message 8 of 8
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