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 Karma
Profile Image

Question By
bighurk1

0 Contributions
0 People Helped
why is your sight a scam
i payed off all my debt and my credit card two months ago so why is my credit score still the same on your sight.

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

View your scores and reports anytime.

SIGN UP NOW
All Responses

Results 1-2 of 2Results per page: 5 | 10 | 25Page 1 of 1   Previous | Next
Top Contributor
3051 Contributions
2786 People Helped
Most Helpful Response

Helpful to 4 out of 4 people

In addition to roy2ohio's great advice, please be aware that there are five factors to your credit score, so there is a good chance something else affected it as well (did you shop for some credit? increase the balance on a credit card?)  Also, if you CLOSED the accounts that you paid off, that is a hit against your credit because now you've lost that available credit and your utilization is messed up.  Visit www.myfico.com to see how your FICO score is calculated.  

Top Contributor
49 Contributions
114 People Helped

Helpful to 2 out of 2 people

Creditkarma does not determine your credit scores.  CreditKarma only reports to you what is reported to them by the 3 credit agencies.   This holds especially true with Transunion.   If there are no changes on your CreditKarma scores, then your payments were not enough to trigger any major changes with the 3 agencies.  Either that, or your creditors haven't updated your credit reports fully.  They usually do update once a month, but they don't have to.  I currently have a creditor on my report that hasn't updated my account in 3 months.

I normally don't carry large balances on my credit cards.  However, this is one of the few months where I acutally have zero balances reported on all my cards.  My scores didn't increase even a single point.

A scam?  There is no scam here.  If you want to point fingers, then point at your creditors or perhaps even at yourself.  Pull a copy of your credit report and see for yourself what's going on.

Top Contributor

Reply by
mthiran

21 Contributions
28 People Helped
Helpful to 2 out of 2 people

I second roy2ohio's response.

I did not enter CK with the best of credit scores, but by actually reading the forums and the tip's CK gave me , I have been able to go from a barely fair score to a good score in 17 months.

If CK is a scam, it is such a good scam it works.

Quick Tip:  Read your report Score Card and all related tips.

CK: is like Shake and bake... I did it, but they sure helped.

Results 1-2 of 2Results 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.