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cwalter21

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Credit scores not recognized
Last year my wife and I got a mortgage and auto loan. In both cases, the banks said credit karma isn't a legit source for actual credit scores. Why are the scores reported for applying for mortgages and auto loans not the same as what's reported here?

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Different scoring models.  You cannot assume that all scores are equivalent.  Always consider the specific scoring model & CRA when referencing scores.  Also consider the relevance of a given model/CRA combo to a given creditor/product.

Credit Karma provides a TU and an EQ VantageScore 3.0.  These are used by some creditors.  However, most creditors use a FICO model.  Even with FICO there isn't just one scoring model used by creditors/products.  FICO has a number of different models used by creditors.

Different models evalaute report data differently and can even have different score ranges.  You cannot use a score generated by one model to determine a score generated by a different model.

Mortgage lenders use one of the older FICO models and typically take whatever is your mid score among the 3 major CRA's.  Auto lenders typically use other FICO models.

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