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anyone uses credit karma for their credit score?

SDRebel 30,940 3,276 July 23, 2016 at 06:29 AM
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I'm comparing mine to the one provided by discover card, citi, etc, and credit karma seems to make it about 50 points lower (credit karma 610-630 range and the others 670-690 range)...
seems suspicious...anyone sees big discrepancies as well?

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#2
I find differences all around it depends on when they take the snapshot, of the two from credit karma they show different accounts but similar scores.

The score is a rough measure not exact it is more important to look at your score over time.\

People worry about Hard Pulls here is mine the two bureaus have a different number of pulls
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#3
Quote from komondor View Post :
I find differences all around it depends on when they take the snapshot, of the two from credit karma they show different accounts but similar scores.

The score is a rough measure not exact it is more important to look at your score over time.\

People worry about Hard Pulls here is mine the two bureaus have a different number of pulls
i'm talking about creditkarma showing 50-60 points lower (for both scores) than discover, city, barclay and wells fargo. Among the 4 banks I get scores for the two bureaus that credit karma uses. The dates are also around the same, yet the difference is 50-60 points lower in credit karma. My conspiracy theorist brain tells me they want me to think it's worse than it is so I accept their credit offers Dontknow
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#4
This is normal.
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#5
Quote from dhc014 View Post :
This is normal.
would be more helpful if you explain why you think so
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#6
Quote from SDRebel View Post :
would be more helpful if you explain why you think so
Sure, sorry.

Credit Karma does not provide a true FICO score. It's sometimes referred to as a FAKO [doctorofcredit.com] score.
Quote :
Because FAKO scores are based on data found in an individuals credit report, there is a usually a correlation between a consumers FAKO score and their FICO score. But because FAKO scores aren't regulated and can be created using any scoring criteria this is not always the case. Ofttimes there is a major discrepancy between a FICO and FAKO score.
I experienced the same thing when I started using Credit Karma, a difference of more than 50 below the score that I obtained from a lender who did a credit pull. Friends have shared similar experiences with CK vs true FICO scores. There are many others who have posted similar variations on other forums. As my credit history has grown, the scores have grown closer but CK is still off. I find CK most useful as a way to get access to my report more often to keep an eye out for any fraud.
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Last edited by dhc014 July 23, 2016 at 11:36 AM
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#7
Quote from dhc014 View Post :
Sure, sorry.

Credit Karma does not provide a true FICO score. It's sometimes referred to as a FAKO [doctorofcredit.com] score.


I experienced the same thing when I started using Credit Karma, a difference of more than 50 below the score that I obtained from a lender who did a credit pull. Friends have shared similar experiences with CK vs true FICO scores. There are many others who have posted similar variations on other forums. As my credit history has grown, the scores have grown closer but CK is still off. I find CK most useful as a way to get access to my report more often to keep an eye out for any fraud.
thanks, that's actually quite useful. The scores from the banks are all in a small range , so i guess they are a safe bet
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#8
I used to, since their switch to their new crapscore(TM) it's completely worthless. I get all 3 real ficos from credit card and credit karma is well over 100 points off. They used to be within 10 points.
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#9
I would not look at scores from these companies and only use them ad monitoring.
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#10
Quote from Aseras View Post :
I used to, since their switch to their new crapscore(TM) it's completely worthless. I get all 3 real ficos from credit card and credit karma is well over 100 points off. They used to be within 10 points.
Quote from tennis8363 View Post :
I would not look at scores from these companies and only use them ad monitoring.
CK was way off. the avg of the banks was pretty close to what the bank pulled for my refi. so I'll keep trusting those
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#11
Not all scores are the same. There are SOOOO many scoring models. FICO is not specific. FAKO scores are relative. One bank's scoring model may differ from another's.

Don't worry about the actual score. Just worry about the zone it's in. Is it excellent, good, or bad. That's all that matters. If they all say excellent, then who cares about the score -- you won't have trouble with lending based on your score.
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#12
credit karma seems to show a dif score than what experian shows, I just round off.
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#13
Quote from eekthecat View Post :
Not all scores are the same. There are SOOOO many scoring models. FICO is not specific. FAKO scores are relative. One bank's scoring model may differ from another's.

Don't worry about the actual score. Just worry about the zone it's in. Is it excellent, good, or bad. That's all that matters. If they all say excellent, then who cares about the score -- you won't have trouble with lending based on your score.
The problem is that CK was in a completely different range
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#14
Quote from SDRebel View Post :
The problem is that CK was in a completely different range
You also have to remember that there are multiple credit bureaus out there. Not all lenders report to the same bureaus. You will often see different results from Transuion and Experian for example.

Looking at a score and comparing them is not really all that helpful. You either have bad, good, or excellent credit. It's not really more complicated than that. The score chasing usually gets out of hand and is for those who really don't understand the system. For example, and 805 and 830 score comparison doesn't really matter. One isn't "better" than the other as far as the end result. In fact, if you take another element into play, ie: such as a lenders scoring range and model, a 700 and an 830 don't matter either. It's all relative to what your score can be phrased as.

You either have no credit, bad credit, mediocre credit, good credit, and excellent credit. There really aren't any more realms. And that's getting a bit picky and overly separative.

You are welcome to chase numbers, compare scores across platforms (useless), but honestly it won't do you a lick of good. Just keep your scores in an acceptable range and use your time to do more productive things.

This conversation on this forum has happened more times than I can count. It's the same question that's been answered literally hundreds of times. And the answer is "there are so many variables, asking why something doesn't match means you don't understand the variables and it honestly doesn't matter if you do. You just need to do the right thing with your money. These sites give you an idea of what that is. Follow the red,yellow, green tiers and please please please don't worry about the number.
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#15
CK's estimate regularly shows me 30 to 40 points lower than credit card provided scores. I churn cards so have a higher inquiry count than the general population which I believe explains the difference. I have ignored the score for sometime and am getting to the point where I ignore the change. Just use it for a weekly free peek at the report.
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