Credit Karma: Free credit score watch Archived From: Finance |
Did a search and did not find any. www.creditkarma.com Invitation code : CKFRND Credit Karma has partnered with credit bureaus and advertisers to provide consumers with truly FREE credit scores. Your scores are retrieved securely with no hidden fees or obligation. |
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Credit Karma Inc., a San Francisco marketing start-up backed by current and former executives of E-Loan Inc., has begun offering free daily credit scores online. |
This looks like something I might like. Have you tried it? I'm curious what info is offered. Is it just a FAKO, or do they also provide any detail behind it (from full credit report content to +/- score factors). Others will be curious how often it can be refreshed and which agencies it pulls from. Seeing some "targeted" ads seems like a fair tradeoff to me. But I've done free trials on a few other credit monitoring services, and some of them also offered ads. Just wildly inappropriate - "credit repair", secured cards, etc, even when my FICO was around 800. |
I think this is a great thing, thanks OP! It is just a FAKO score (my Fico was 755 when I bought it last week, and my CreditKarma score is 814 today) It doesn't show you any details, just a number. Considering it's free, though, I'd rather do this for free and then go into spending money mode if the score drops. It basically gives you a list of offers (7 free days on match.com, free Blackberry Pearl, 2.99% for life on Advanta card, etc) and you give a thumbs up or down whether you think it's a good deal or not and can participate if you want. |
This looks interesting but I think the scores are very inflated. It says I have an 866, which I highly doubt. |
brushwood said:This looks interesting but I think the scores are very inflated. It says I have an 866, which I highly doubt.I think it might be using a different model than the traditional 850-max model. Perhaps that new Vantage model that I think goes up to 950. |
brushwood said:This looks interesting but I think the scores are very inflated. It says I have an 866, which I highly doubt. |
Senturon said:brushwood said:This looks interesting but I think the scores are very inflated. It says I have an 866, which I highly doubt. Mine shows 902, so it does go over 900... |
I'm at 840, about 50 points higher than the last official scores I received. Pretty cool to see trending though. Green for you. |
Per mymoneyblog.com, "Now, a new site called CreditKarma is offering free daily credit scores. For comparison, FICO’s own Score Watch program costs $89.95 per year. So what’s the catch? It’s not a real FICO score. This is another FICO-clone, with a score ranging from 300 to 900. (FICO is from 300 to 850.) It also doesn’t say from which bureau this score is based upon, as they say they can pull from any of the big three (Experian, Equifax, Transunion). My guess is that they’ll use whatever is available that is both cheaper than FICO and still reasonably accurate. That’s what I would do… You only get the score. The service is pretty barebones. You don’t get information about who’s pulling your credit, how often they are doing it, or information about your existing credit lines. So the “alerts” feature is missing. Instead, the primary attraction is the ability to see trends - is your score increasing or decreasing over time? They are advertiser-supported, so I guess they are counting on people to obsessively check their score every day. I’ve always been a bit mystified by such behavior, but I don’t check the stock market ticker all day long either. From their privacy policy it seems that they are using your personal information to target ads to you, but aren’t actually sharing your info with others unless you opt-in. I sure hope not! Security and Privacy Concerns Invitation Code |
sterlingfox said:Mine shows 902, so it does go over 900... |
Senturon said: Sure, it's an arbitrary number. But, using the scenario I stated above, someone can use this to watch their credit score (literally watch, that's it). If it dips down for some reason, they can choose to spend money to see why. I like to know where I stand, but I found getting a complete credit report every day to be a bit too much. It was nice to know how day-to-day things affected my score, how long after a billing statement each credit issuer reported, etc, but it's not like the average person's report changes all that often. |
Anin said:Did a search and did not find any. |
MikeR397 said:So will this help toward bumpage? I assume it should. For me it reported as a soft pull on TU only. It would be nice if it pulled EQ, but you can't beat the price. I will see tomorrow if it gives daily pulls; it sounds like it should. From the site "Today's score was retrieved. Check again tomorrow!" |
gumkin said:MikeR397 said:So will this help toward bumpage? I assume it should. |
www.creditkarma.com said:Your personal information could not be validated. Please verify that it is correct. They don't like me |
SilverB18C1 said:www.creditkarma.com said:Your personal information could not be validated. Please verify that it is correct. same here. I tried both my mailing and residential addresses and both failed. |
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