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SaveMefromDebt

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Why does CK use Vantagescore 3.0

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Top Contributor
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because its one of the FAKO scores that some lenders actally use and FICO scores are prob too expensive.

Top Contributor
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I guess what I really mean, is why the sudden change from whatever tools that they were using last year to VantageScore 3.0 in January.   I know that not all scores are equal.  But having a baseline to start with, and then monitioring THAT score is critcal when it comes to making sure nothing derogatory has hit.  This change made the baseline change.   How about keeping both sets of scores CK?

Credit Karma Team
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Hi SaveMefromDebt,

When we introduced a second set of credit scores, we wanted to display both bureaus using the same model. Our previous score model was the TransUnion New Account Score - there is no Equifax version of this score. 

Credit Karma Team
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You might find this blog post, written by our founder and CEO, helpful for understanding why we switched: https://blog.creditkarma.com/credit-karma/credit-karma-is-transitioning-to-the-vantagescore-3-0-score-provided-by-transunion/

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