Credit Karma

[M56959]

Please keep on topic.

Rants about banks and profanity like I've removed will have consequences

 

[mjk1967]

Just had my Credit Union pull my FICO score... haven't looked at it in a few years, other than just using Credit Karma as a very generic look at it.

840. Yeah, I'm a bit shocked. Knew it was good, but found that a pleasant surprise today.

 

[Dave Hess]

I had an 835 score recently. Don’t forget to freeze your credit.

 

[Wolf359]

I had an 835 score recently. Don’t forget to freeze your credit.

Sounds like a Fako score.

https://www.investopedia.com/articl...co-or-fako-limitations-free-credit-scores.asp

 

[miden851]

Credit Karma si no FICO score

 

[nwjones18]

Sounds like a Fako score.

https://www.investopedia.com/articl...co-or-fako-limitations-free-credit-scores.asp

As long as it’s in the ballpark does it matter? I see mine all the time from discover. I’ve noticed it will drop a few points after an unusually high cc bill even though I pay it off every month. Also my score has been higher since I’ve had a truck payment

 

[PandaBear]

How does Credit Karma work? Is it really free? Anyone here have it,and what do you think about it?

They work by giving you something free (credit report, tax filing, etc) and then send advertisement to people like you.

 

[Wolf359]

As long as it’s in the ballpark does it matter? I see mine all the time from discover. I’ve noticed it will drop a few points after an unusually high cc bill even though I pay it off every month. Also my score has been higher since I’ve had a truck payment

Depends which Fako score you get. Some are off by 100 points so those 800+ Fako's are really 700+ Fico. Best rate is anything about a 720 Fico. Very rarely do I actually see a Fico score about 800 and then it's only by a couple points, never saw one over 810. Max score is basically 844 on a Fico report if done right with all 3 bureaus.

 

[nwjones18]

Depends which Fako score you get. Some are off by 100 points so those 800+ Fako's are really 700+ Fico. Best rate is anything about a 720 Fico. Very rarely do I actually see a Fico score about 800 and then it's only by a couple points, never saw one over 810. Max score is basically 844 on a Fico report if done right with all 3 bureaus.

Yeah I can see that. Discover says its the Fico score, but they obviously aren't doing a hard pull on my credit every month.

 

[CKN]

Originally Posted by bullwinkle
I have a feeling that a lack of loans (car, etc.) seems to affect your score somewhat. I have paid off 2 houses, no debt, pay off multiple credit cards every month, have money in the bank-but I still seem to be stuck in the low 700s for some reason.


The score is nothing more than an incentive/gamification for consumer to have you borrow more money and take on debt to increase it. My parents have no credit score! They have never borrowed money for cars, home and use debit card/cash.

Obviously-your parents are past their home buying days. But not having a credit score and trying to borrow $300,000 plus (common in many parts of the country) is a HUGE PROBLEM.

 

[Hermann]

My Credit Karma sore is 830. My FICO 8 score at B of A is 818. They move in tandem.