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This is actually how it works. The lender gets to pick the scoring model they want to used based on the raw data provided by the credit bureaus. The credit scor
by bdonlan 9y ago
This is actually how it works. The lender gets to pick the scoring model they want to used based on the raw data provided by the credit bureaus. The credit scores you see on e.g. creditkarma are just one of the many models in use; they're all pretty similar in practice, but vary by a few points depending on what they emphasize.
- colejohnson66 9y agoIs that why when I was applying for financing while leasing a car, my score was a bit lower than what Credit Karma was showing me?
- selectodude 9y agoCredit Karma is always about 20-40 points higher than your real score, in my experience.
- astura 9y agoYes, different algorithms. Credit Karma shows you VantageScore 3 and car lenders usually use FICO 8.