Scores on experian vs credit karma

[Anonymous]

I noticed somewhat of a difference between the two sites. Experian has fico scores listed for me in all 3 bureaus that are higher than credit karma, sesame... credit wise. I understand that those others use the vantage 3 model. Isn't this misleading since most credit cards, lenders rely on FICO?

[ridgebackpilot]

It's not misleading; the two scores are simply based on different scoring models and algorithms.

FICO scores are used by the vast majority of lenders to assess creditworthiness. Vantage scores are rarely used. However, both scores provide you with different measures of your own credit status that may be useful, if only to you on your credit journey.

In my case, my Vantage 3.0 scores are significantly higher than my FICO scores, illustrating that each file is different and evaluated on its own merits.

[Anonymous]

I just mean I feel those free sites should show both.

Also credit one bank has my experian score as 583 and it's actually 75 points higher.

[Jnbmom]

Because those sites are free and you get what you pay for😆

[Anonymous]

👍 Fair point.

Still baffled though how credit one has a false listing for my fico 8.

[Anonymous]

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@Anonymous wrote:
👍 Fair point.

Still baffled though how credit one has a false listing for my fico 8.

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I'm not familiar with the dashboard on Credit One but many creditors have some serious lag before updating your score.

[Anonymous]

They have serious lag period. They still have my credit utilization at 39% and it's only 15%

[ridgebackpilot]

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@Anonymous wrote:
They have serious lag period. They still have my credit utilization at 39% and it's only 15%

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Many credit card companies that provide scores SP them only once per month. So your scores may be up to a month or more out of date.

[Anonymous]

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@Anonymous wrote:

Also credit one bank has my experian score as 583 and it's actually 75 points higher.

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If it's the same scoring model and the same bureau data being used, the only other (third) factor/variable at play here is the element of time.  The two scores were simply generated at different points in time.  Look at the date the score was generated for both scores.  What are they?  No doubt these dates are different, meaning that the data was clearly different thus generating two different scores.

[Anonymous]

The scores both say as of Feb 2.
All my scores are in mid to upper 600s except one bank card 3 score.