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Posted in Credit Scores
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Question By
suzileem

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1 Person Helped
My credit karma score is far lower than any of my scores from the credit bureaus
My credit karma score is 595. Meanwhile - my Experian score (from experian) is 663, my Equifax score (from Equifax) is 645 and my TransUnion (via walmart FICO) score is 702. What gives CreditKarma? It seems like my CreditKarma score used to be fairly accurate now it seems to have no connection to reality.

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1 Contribution
19 People Helped

Same here

Helpful to 19 out of 21 people

Credit Karma is 100 to 120 lower that my actual scores? This is crazy, it I relied solely on Credit Karma I would think my credit is crap when it not.

Credit Karma was a good tool, but not any more. ;(

Steve 

1 Contribution
48 People Helped

CreditKarma Exists To Sell Ads

Helpful to 48 out of 54 people

Have any of you read the fine print?! While I do find the service to be helpful for things like alerts and tracking, I take their numbers with a grain of salt... Think about it; it is a free service... In 'free' services, the CONSUMER is the product. Why do you think the site and app have a ton of private firm ads for financial products?

Think of it this way: the lower you think your score is, the more likely you are to use the advertised product, and there is no clear-cut way to calculate scores, so KC will never be called out on it...

My policy is use the service as an alert system; go to your BANK if your looking for financial solutions.

3 Contributions
8 People Helped

Can't be trusted anymore

Helpful to 6 out of 6 people

They have lost all credibility in my mind. They are too busy marketing subprime lending solutions for people with low scores. They have a financial incentive in lowballing your scores.

1 Contribution
25 People Helped

Score

Helpful to 25 out of 35 people

I am dealing the same thing right now. It seems like credit karma does not update their reports.

1 Contribution
22 People Helped

Credit Score inaccurate

Helpful to 22 out of 31 people

My (Credit Karma) credit score dropped 60+ pts in one month due to Credit Karma's inaccurate compliing of credit details.

1 Contribution
12 People Helped

Credit Karma inaccuracy

Helpful to 12 out of 15 people

Credit Karma is not updating frefquently. I still have a balance of over a $1000 in a credit card, when I already pay it off. This makes the score go down fast. 

I recommend Credit Karma to update more frequent.

1 Contribution
7 People Helped

Helpful to 7 out of 10 people

I have the same issues with Credit Carma it shows my Transuniun on Walmart Fico of 649 and my Experian 670 the Credit Carma shows 585 I haven't seen my Transuniun that low ever? Should I be concerned?

Top Contributor
988 Contributions
592 People Helped

Helpful to 8 out of 11 people

Algorithms vary.  FAKO scores are useful for monitoring trends.  If you want your actual FICO score then you need to obtain your actual FICO score.

1 Contribution
6 People Helped

Credit Score Latency

Helpful to 6 out of 9 people

It looks like Credit Karma actually updates your information fairly quickly but still has to wait for the "official" update from a credit bureau (e.g.; TransUnion) before they can update your Credit Score.

1 Contribution
0 People Helped

Experiencing the same issue

I'm going through the same ordeal, a mortgage lender pulled my fico scores and they are over 100 points higher than what CK shows. It's ridiculous how different they are. The mortgage lender recommended that I tweak a few things and work with an agency to have an old collection account removed, and then I should be set to buy a home, I've done all this and my CK score is still dramatically lower than my old fico scores from before I had that removed and opened a new account. Something very fishy about that

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