100 People Helped
Member Since: April 2012
Here an idea.. how about scores of CreditKarma users versus non users? Or, even better, the percentage increase in CK user's score over the time they have been on this site. Mine has gone up significantly! I was able to find refinancing that locked in lower rates and raised my score a lot and just being to watch the graphs drop encourages me to keep paying off credit cards and not use them. (thank you). I would supect that would be the norm.
ckc777's response was:
Interesting but is this statistically significant? I would think Comcast.net is an ISP, and probably has much smaller user base and, as pointed out earlier, depite the way the graphs look the percentage difference is not that much between any of them, but still interesting. How about lycos.com, my email provider. We must be the highest of all of them. :D
not that matters or anything but ... I think you guys are missing Kerry's point. ISP based email accounts are free buy the ISP costs money and the fact that you have an ISP means likely you have good eneough credit to have a phone in your name and likely you have a home or apartment to have that phone in. (unless, of course you use an email on your parents ISP if so you probably don't even have a score yet and would not be counted)
Whereas, free web base email accounts will include groups like college students living in the dorms or using their libary's wifi and are likely just starting their credit history and would, on average, have a lower score. but that is all just speculation, it really means nothing, it was just meant for fun. ;)
ckc777's reply was:
it does not have any effect on your credit. it may be a correlation if the sample sizes are large eneough the statistical difference is large eneough but that is not the same as cause and effect. see dxrouse's comment above for an example.
I was looking at my BETA Credit Karma - Credit Report and noticed I have a details about an American Express account I had that was charged off by AMEX back in 1988. It is not a substantial amount, I could pay it off but I'm not sure if that would help or hurt my credit and I'm not sure why it would still be showing up some 24 years later. I thought bad debt came off in 7 years unless you file bancrupcy then it is 10 years, I thought. Any ideas? I am going to request my three credit reports and see if its on them, too.
absolutely, that will raise your score by about 30 points..
Verizon is an ISP, so I would suspect they would be slightly higher because of the smaller user base that the web based email accounts and, as mentioned, ealier, in general, users of web based emails, as apposed to ISP based emails, are likely younger. but who knows? :D I'm spending way too much time on this page..
If it is a statistically significant correlation then I think its interesting. Its not cause and effect but the correlation is somewhat interesting, I think. I supect it has more to do with the size of the user base than anything else.
I just started using the new interface and its great except how do I get my history data that was in the old version?? that was the main reason I use KC, so I can track the history, will it imported into the new version? if not can i go back to the old version. thank you.
yes, thank you, this is an awesome site!