Credit Advice

Have a question? Have advice to share? The combined knowledge and experience of everyone in the Credit Karma community can help you. Enter your question or help others below to get started!

Question

Posted in Credit Scores
Profile Image

Question By
astrophy

0 Contributions
0 People Helped
Why is the credit score from credit agencies always lower?
I've been turned down a few times for credit cards and when the letter of explanation comes with the credit score from TransUnion, it's always lower than what CK reports my number to be. Same thing used to happen with FreeCreditScore.com and Experian. It's like these credit score monitoring sites boost our numbers to make us feel good or something, but when you get the denial letter from some credit issuing company, you find out the truth.

Your Credit Scores Should Be Free. And Now They Are.

View your scores and reports anytime.

SIGN UP NOW
All Responses

Result 1-1 of 1Results per page: 5 | 10 | 25Page 1 of 1   Previous | Next
1 Contribution
2 People Helped

Helpful to 2 out of 2 people

The credit score CK reports uses a different formula to calculate a score than the true FICO score (the score used by lenders). The ONLY way to get your true FICO score is to pay for it through myfico.com, or to experian.com (Experian does not allow FICO to sell their scores). 

Some people have higher scores than reported on CK, some have lower. It all depends on what is affecting your score and how high it is weighed by the CK formula versus the FICO formula.

CK is only a good ESTIMATOR of what your school truly is. 

Result 1-1 of 1Results per page: 5 | 10 | 25Page 1 of 1   Previous | Next

Your Credit Scores Should Be Free. And Now They Are.

View your scores and reports anytime.

SIGN UP NOW

Reply to this Question

Write your response:
Enter Your Comments

The Credit Advice pages of the Site may contain messages submitted by users over whom Credit Karma has no control. Credit Karma cannot guarantee the accuracy, integrity or quality of any such messages. Some users may post messages that are misleading, untrue or offensive. You must bear all risk associated with your use of the Credit Advice pages and should not rely on messages in making (or refraining from making) any specific financial or other decisions.