I was just denied credit at the bank based on late payments and derogatory remarks on my credit. CK doesn't reflect either of those. So I am questioning the accuracy.
Pull your free Transunion credit report and see if they have your late payments noted on it. As mentioned early CK uses Transunion, so if they don't have the late payments and Experian does that could be the issue.
I've been trying CK for a year and there are some things that make me suspect its accuracy. My FICO score has been in the 840 range, but my CK score is significantly lower and rates me several Cs and several Bs in their categories. Second, I am only rated in the fair to good range for the auto insurance score at CK, which is purportedly only based on your credit report.
CK is from Transunion. NOT ALL LENDERS REPORT TO EVERY BUREAU.. Your late payments may be sent to Equifax.
This is why you should get a free credit report from each bureau every year to verify accuracy.
CK is not designed to give you all of your information, it is a general guide from one bureau with only their information to give an estimate based on their information...
Not all credit scores are the same. There are many different scores out there and lenders may all use different ones.
Total blast from the past here - I'm the OP and just happened to be lying in bed browsing the finance forum and I saw this got bumped....LOL.
Well, to weigh back in on it, I've found CK to be wildly out of whack with my true TU score - consistently 60-80 points lower. I have had a Walmart CC for several months now and their FAKO is significantly closer (7 points off today). It's been interesting. I update my CK every week and keep an eye on it. It's a good tool for that - but it doesn't seem to have a scoring system in line with my "true" TU FICO score.
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