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Credit Karma

New Contributor

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
Established 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 and what I have learned here. I am not perfect, nor claim to be an expert. Just sharing my experiences.
Message 2 of 8
Valued 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
Valued 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.

Penfed gold
Penfed promise
NFCU cash rewards
NFCU Amex
Citi simplicity
Discover
Amex BCE
Amex Magnet
Amex SPG
Wayfair
Care credit
Macys
Amazon store card
Walmart store card

FICO EXP 728 TU 723 EQ 718
Message 4 of 8
Community Leader
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
Valued 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
New 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