FICO vs FAKO

[Anonymous]

So to my horror this morning I log in to creditkarma today to see how things are going. My score dropped 88 points on one and almost 100 on the other. I was like what?! But  0% utilization 100% on time payments, no collections in fact everything was just removed weeks ago! What's happening?! I was frantic because I need to start applying to school loans soon and my parent's credit isnt good enough for them to cosign. So I go to another site to check up on my ficos and I see all my scores are actually up. TU to 691 from 651  my EQ from 674 to 717 and my experian is at 653 

I'm happy all my score are up, but now I don't think I can trust creditkarma to keep track of my score properly, not after this debacle. 

I recently opened up new accounts and the inquires did hit me a little, but once the amazon reported (which it did liek 2 days after i was approved) everything went up by quite a bit, not sure why vantage scores took a MAJOR MAJOR hit.

[Anonymous]

Credit Karma is great for monitoring the information in your files, but the scores don't mean much. Nobody uses Vantage 3.0.

[Anonymous]

Go to Credit Check Total (.com) and get your real scores and real reports.... for only $1.00. Be sure to call (866)506-7894 immediately after to cancel though, or you'll get charged $29.99 after the 10 day trial. If you do like it and want to keep it.... they'll cut you a 50% off deal when you try to cancel. Some say that you can just keep doing the $1.00 trial/cancel/repeat over and over... and not get a monthly fee at all.

I also use Credit Karma... but just for informational puposes. You'll NEVER see a bank say... "Hold on, let us check your Credit Karma account before we give you this $20,000.00 home improvement loan." LOL

[CatOfSpades]

Credit Karma's scoring system is completely different than Fico's. Even Capital One admits that they don't use the free Vantage Score they offer to people. The Vantage Score only scores open accounts. So, it's going to be either artificially high or artificially low. Credit Karma is only good for keeping up to date on your Equifax and Transunion reports. The Vantage Score is like a play credit score until lenders actually start using it, if ever.