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Credit karma just cracks me up

Valued Contributor

Re: Credit karma just cracks me up


@BrutalBodyShots wrote:

Correct.  It's a 100% meaningless score, no doubt.  I just think it's worth noting that it is a "real" score, drawn upon an actual scoring model, as irrelevant as it may be.


Actually according to what TT once replied to me, VS3.0 is actually used in real estate rental pulls...at least that is what I'm remembering. If you are renting a house or apartment that Vantage score might actually be relevant.





TU fico08=810 09/28/18
EX fico08=796 10/06/18
EQ fico08=813 10/04/18
EX fico09=803 10/03/18
EQ fico bankcard08=829 09/25/18
Garden since 07/02/18
Message 31 of 52
Super Contributor

Re: Credit karma just cracks me up


@sarge12

Actually according to what TT once replied to me, VS3.0 is actually used in real estate rental pulls...at least that is what I'm remembering. If you are renting a house or apartment that Vantage score might actually be relevant.


Good to know.  I know a few people have said that VS 3.0 was used for a cell phone/cable/utility pull as well, although I don't think it's incredibly common.

Message 32 of 52
Regular Contributor

Re: Credit karma just cracks me up


@Jnbmom wrote:

Now yes I know the are FAKE scores and all and I do like it for monitoring of course, but today I got a recommendation email they think the Fingerhut card would be a good addition for my credit fileSmiley LOLSmiley Very Happy I swear that site cracks me up.

 

Also I set up my daugter to CK so I can monitor the disputes I have ongoing, TU already deleted in a day HOWEVER it still appears on CK while I received notice from TU that is has been deleted. while EQ and EXP are taking the good old sweet time, anyhow after the TU deletion I bought her score 701, CK has it at 648. Just thought I would throw that out thereSmiley Happy

 

Does CK have a lagtime with deleting items?? The collection was removed from TU on tues 5/22/18, anyone know?


It's a free site. And if it's fake, why worry about what they have? And it's only been 6 days. Relax. It'll come off. If it's off TU, then you're good to go.

Message 33 of 52
Regular Contributor

Re: Credit karma just cracks me up


@Jnbmom wrote:

Now yes I know the are FAKE scores and all and I do like it for monitoring of course, but today I got a recommendation email they think the Fingerhut card would be a good addition for my credit fileSmiley LOLSmiley Very Happy I swear that site cracks me up.

 

Also I set up my daugter to CK so I can monitor the disputes I have ongoing, TU already deleted in a day HOWEVER it still appears on CK while I received notice from TU that is has been deleted. while EQ and EXP are taking the good old sweet time, anyhow after the TU deletion I bought her score 701, CK has it at 648. Just thought I would throw that out thereSmiley Happy

 

Does CK have a lagtime with deleting items?? The collection was removed from TU on tues 5/22/18, anyone know?


Well, I have no problem with whatever scoring model they are using. What bother's me is their suggestions which costed me a couple or more than couple unnecessary inquiries on my credit report. Ps I cant blame them alone thanks to my ignorance I could have avoided that if done homework and not applied for Amex/Venture before having any credit history of 6 months.

Discover IT 2K | Chase Freedom 1.3K | Capital One Platinum (Secured)
BOA Travel Rewards 3.8K | Citi Diamond (Secured) | Amex Everyday 3K

First Credit Card - 11/27/2017 Gardening till 03/27/2020
Starting V3.0: EX ???, EQ 674, TU 689 (12/18/17) | Current V3.0: EX 722, EQ 738, TU 743 (09/10/18)

FICO 8 :

1st Goal FICOs: EX 750, EQ 750, TU 750 (??/??/??)

AAOA 0 Years 7.14 Months
AOOA 0 Years 10.93 Months
Message 34 of 52
Super Contributor

Re: Credit karma just cracks me up


@dhi

Well, I have no problem with whatever scoring model they are using. What bother's me is their suggestions which costed me a couple or more than couple unnecessary inquiries on my credit report. Ps I cant blame them alone thanks to my ignorance I could have avoided that if done homework and not applied for Amex/Venture before having any credit history of 6 months.


Their suggestions are only there for advertising dollars; them saying your have "good" or "fair" odds for approval for any product are complete BS and fluff.  Always ignore any CMS suggestions regarding new products to apply for, be them CCs, loans, etc.

Message 35 of 52
Valued Contributor

Re: Credit karma just cracks me up


@Stugotsv10 wrote:

This thread prompted me to check all  my Fico's and compare to Vantage side by side.....

 

Experian is the biggest MESS.

 

Experian Vantage 11 accounts / oldest card 48 years old

Experian Fico 6 accounts / oldest card 9 years 11 months ???????

 

I understand some don't report to experian at ALL but how can it be reported to experian Vantage and not Fico?????? Credit is a pure scam is you ask me


One difference might be AU accounts. VantageScore always counts AU accounts. Fico 8 and Fico 9 may ignore AU accounts - even though the older Fico 98 and Fico 04 models always include them.

 

Another difference might be that some 3rd party summaries may include closed accounts while others do not include them - that is specific to the 3rd party presentation summary, not the scoring model. For example, CK calculates AAoA based on open accounts only while VantageScore actually includes closed accounts when evaluating the AAoA attribute.

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 36 of 52
Valued Contributor

Re: Credit karma just cracks me up


@BrutalBodyShots wrote:

@dhi

Well, I have no problem with whatever scoring model they are using. What bother's me is their suggestions which costed me a couple or more than couple unnecessary inquiries on my credit report. Ps I cant blame them alone thanks to my ignorance I could have avoided that if done homework and not applied for Amex/Venture before having any credit history of 6 months.


Their suggestions are only there for advertising dollars; them saying your have "good" or "fair" odds for approval for any product are complete BS and fluff.  Always ignore any CMS suggestions regarding new products to apply for, be them CCs, loans, etc.


BBS...That is of course how CK makes their income, and provides the service for free. I'll also say for the most part CK is worth exactly what you pay for it. I guess for some alerts it does have some usefullness.





TU fico08=810 09/28/18
EX fico08=796 10/06/18
EQ fico08=813 10/04/18
EX fico09=803 10/03/18
EQ fico bankcard08=829 09/25/18
Garden since 07/02/18
Message 37 of 52
Super Contributor

Re: Credit karma just cracks me up

I use CK simply for weekly updates to my TU/EQ reports.  That's it.  I don't even use their alerts really.  Recently TT turned me on to the auto/home insurance scores that they provide, so I do see some added value in that department as well.  Everything else really is just fluff and IMO completely irrelevant.  I just think it's important that people, especially those newer to credit or CK that may not know any better realize that the fluff and irrelevant stuff really isn't at all worthwhile.

Message 38 of 52
Valued Contributor

Re: Credit karma just cracks me up


@BrutalBodyShots wrote:

I use CK simply for weekly updates to my TU/EQ reports.  That's it.  I don't even use their alerts really.  Recently TT turned me on to the auto/home insurance scores that they provide, so I do see some added value in that department as well.  Everything else really is just fluff and IMO completely irrelevant.  I just think it's important that people, especially those newer to credit or CK that may not know any better realize that the fluff and irrelevant stuff really isn't at all worthwhile.


I also saw TT post about the insurance scores. Mine was really high, but I'm not sure I'll ever even need that. It is a free site though so the value of it is roughly what I pay for it. I think only those who are new to monitoring their credit find real value in CK or Credit Sesame. Once we get a little more educated we usually find fico scores for free at creditscorecard.com or elsewhere.





TU fico08=810 09/28/18
EX fico08=796 10/06/18
EQ fico08=813 10/04/18
EX fico09=803 10/03/18
EQ fico bankcard08=829 09/25/18
Garden since 07/02/18
Message 39 of 52
Valued Contributor

Re: Credit karma just cracks me up

Sarge12,

 

If you don't mind sharing, what are your latest CBIS Auto and Home scores? Also, did they drop as a result of the new credit/HPs you mentioned in another thread?

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 40 of 52