My Credit Karma score just went from 760 to 812 last Monday. My FICO score (Free from Discover/Barclays) went from 819 to 803. I think it's because my credit card balances went from $200 to $0 for the FICO drop. I think the vantage increase happened because my two year old inquiries for a mortgage (4 of them within a week) all dropped off. It's stupid if that's what causes a 52 point increase. I guess you get what you pay for.
I signed up for a month of the MyFico 3B reports. Currently my scores are as they appear in my siggy (from 650s-670s). My FAKO score on CreditKarma's end has been teetering the high 600s, which isn't terribly off I suppose for it being a free service. It reached 700-701 last week, and just last night went up to 746 O_O
Now, I know these are FAKO scores, and I believe quite a bit of individuals say these scores are as reliable as a politician , BUT why would they get such an increase? Like, what would trigger it?
Mind you, the only change on the reports from this last update (my FAKO TU on CreditKarma updates every 7 days) was ONE credit inquiry. An inquiry, not even an added account or auto loan [of which I have]. Weird?
Signed up for 2 credit cards over the last couple weeks. According to MyFICO, the hard pulls & new account reported dropped all 3 reports between 5-20 points (from 805, 806, 807 to current scores in signature). According to Credit Karma, the same inquiries & new account raised my scores by 4 points to roghly 810 each. I just got the first card today, a Capital One Quicksilver. And the credit score they gave (with A-F grades for each category) was 724, way lower than either the FICO 8 scores or the ones from Credit Karma. How confusing!
I signed up for CreditKarma before MyFico. CK currently shows my Vantage at TU689 and EQ688. FICOs are TU587 and EQ609. I wish VS really mattered.
I pulled my FICO scores from MyFico.com and Vantage from CreditKarma.
EQ 609 FICO - 710 VS
TU 602 FICO - 692 VS
So, yeah, I'm looking pretty good on VS, not that it really matters. I'm glad I went to MF instead of relying on CK or I'd think my scores are about 100 points higher than they actually are.
I took out a car loan last week, waiting for it to hit my reports.
The FICO 8 simulator is predicting a 30 to 35 point score drop in my FICO 8 scores.
My Vantage 3.0 simulators on Credit Karma and Capital One are both predicting..... no change at all in my Vantage 3.0 scores.
Will be interesting to see what actually happens. If the simulators are close to accurate, I would love to know the reason for the big difference.
Thankfully, when I started my rebuild 3 years ago, somehow I luckily found Myfico and read up on a lot. This allowed me to be aware of the Fako before it could even trick me, thank God!!
Now, anytime I see FAKO, Vantage, or whatever other score, I always shrug it off and pay it no mind lol.
|Total Credit: $218,900||Credit Utilization: 1%||AAoA: 5 years, 5 months||Installments: Car Lease, Marcus Loan||Negatives: 0|