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Credit Karma isn't a real score.
by staringback 4y ago
Credit Karma isn't a real score.
- toast0 4y agoWho said anything about them? This is on scores reported in my online banking.
- staringback 4y agoThen your online banking is using the same fake score as Credit Karma (usually called VantageScore or something like that) If you actually want to get the score that lenders use, experian.com will give you your FICO 8 score. This score considers all accounts open the same until they have been closed for 10 years.
- toast0 4y agoOne of my banks says: > The FICO® Score pulled on [date] is the FICO® Score 8 based on Experian data, and is the same score that [name of institution] uses, along with other information, to manage your account. Another says: > The score provided here is FICO® Score 8, which is based on TransUnion® data and may differ from other FICO® Scores. Variations may also occur when your score is based on data from another consumer reporting agency or calculated at a different time. [name of institution] and other lenders may use different scores and other information in credit decisions. I'm not going to intentionally interact with Experian directly, unless I have to, so not going to compare there. From what I recall, when I last opened a loan and they disclosed the scores, they were within spitting distance of what I was seeing from my banks at the time. Now maybe FICO 8 score means something different than FICO Score 8; these guys like to be deceiving, and maybe some banks give the VantageScore, but mine seem to give a FICO Score 8.