Credit Karma Credit Score: 5 Reasons To Avoid Credit Karma Credit Score?

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If you been watching the news, you’ll know the talk about credit karma credit score. People are realizing that their credit scoring system is not reliable for getting credit.

We’ll before we start bashing them let’s look at who they are and what they do, and why so many people use them.

credit karma credit score

How accurate is Credit Karma?

Their credit scores and reports you see on Credit Karma come directly from TransUnion and Equifax, two of the three major consumer credit bureaus. The credit scores and reports you see on Credit Karma should accurately reflect your credit information as reported by those bureaus.

Why is my credit karma score higher than FICO?

Credit Karma uses two of the three major credit bureaus and scores your creditworthiness according to the widely-used (but not quite as widely used as FICO) VantageScore system. … If your Credit Karma score isn’t accurate, the problem is probably elsewhere.

Why is my credit karma score wrong?

Credit Karma only factors in information from two credit bureaus. … Credit Karma relies on your credit reports from Equifax and TransUnion to determine your credit score. Since they leave out one source of information, it is possible that their scores are less accurate than if they used all three credit reports.

Should I use Credit Karma credit score for a mortgages?

Although, The credit scores and reports you see on Credit Karma come directly from TransUnion and Equifax, two of the three major consumer credit bureaus. The credit scores and you see on Credit Karma does not have all the data points to determine your qualification for a mortgage

What FICO score does credit karma use?

Which credit scores does Credit Karma offer? The model used for credit scores on Credit Karma is VantageScore® 3.0. While VantageScore® credit scores aren’t used as widely as FICO® scores for credit decisions, they can still give you a good idea of where your credit stands

Which is better credit karma or Experian?

Credit Karma will provide those, as well as regular alerts of any issues that affect your credit. But, if you’re looking for a higher level of credit monitoring, and you prefer getting it from one of the three major credit bureaus, Experian should definitely be your first choice.

Why is my FICO score less than Credit Karma?

It’s up to lenders to decide which information they report to the major credit agencies — and which agencies they report to in the first place. Since your FICO Scores depend on the data listed on your credit reports, you might not see the exact same score from every credit-reporting agency.

Should, I apply for a credit card thru Credit Karma?

Even though, credit karma offers credit score and credit reports, many have to have been denied.

The reason you may be denied that credit card is because they don’t show all the information in your file. Which gives you a false credit score that may seem higher on their site.

Conclusion:

if you’re looking to get credit that credit karma credit score is not your best reference. Although, many rely on them because they give you access to 2 of the 3 credit bureaus, the information may not be accurate.

Now, if you want to see what your real credit score is when trying to get credit cards and loans check out myfico.

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