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Credit Karma: Free credit score watch Archived From: Finance

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alert mods    
   posted: Jan. 28, 2008 @ 11:47p

Yeah, the score is a proprietary system unrelated to FICO.

But it's still a score based on your live credit data so its still useful for gauging the health of your credit. I don't currently subscribe to any credit reporting services like TrueCredit so something like this is good for confirming that the health of my credit is intact.


alert mods    
   posted: Jan. 29, 2008 @ 1:45a

Did you have to give your current phone number for this offer.

Once I get on a list, I never get off.

IrateConsumer


alert mods    
   posted: Jan. 29, 2008 @ 2:28a

Yep, this score has nothing to do with FICO.

For three family members I pulled it looks like FICO + 100


alert mods    
   posted: Jan. 29, 2008 @ 4:01a

neophyte said:Yep, this score has nothing to do with FICO.

For three family members I pulled it looks like FICO + 100

I hope not! My score came out 60 points lower than Equifax and Trans Union lol


alert mods    
   posted: Jan. 29, 2008 @ 4:46a

My score was 897 and spouse was 807...

TC is saying mine is 788 and spouse is 755


alert mods    
   posted: Jan. 29, 2008 @ 5:49a

MikeR397 said:gumkin said: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!"Thanks, please let us know if you can update daily. Even if it only bumps TU, it might come in handy for bumpage, in addittion to the other benefits of a free score.

I tried it again today; my score didn't change but TU showed another soft pull when I checked. I didn't wait a full 24hours +1 to pull either.


alert mods    
   posted: Jan. 29, 2008 @ 10:37a

I don't understand why FAKO uses a different scale than FICO. Why not make it the same?


alert mods    
   posted: Jan. 29, 2008 @ 10:58a

williamgunn said:I don't understand why FAKO uses a different scale than FICO. Why not make it the same?

FICO is a trademarked brand. It's like Kleenex. FICO normally will sued if you make your score like theirs. Fairly nice explanation on the site. Long but useful if you care.

http://www.creditkarma.com/article/differentscores


alert mods    
   posted: Jan. 29, 2008 @ 11:56a

my tc score is 702 and credit karma says 796 .


alert mods    
   posted: Jan. 29, 2008 @ 1:49p

I scored pretty high on their scale... pretty useful tool in terms of being able to monitor your score daily.

Anyone come up with a formula to their actual score?

Mine was about 112% of my actual score.


alert mods    
   posted: Jan. 29, 2008 @ 3:00p

They don't like me either

busterbaxter said:SilverB18C1 said:www.creditkarma.com said:Your personal information could not be validated. Please verify that it is correct.

They don't like me

same here. I tried both my mailing and residential addresses and both failed.


alert mods    
   posted: Jan. 29, 2008 @ 3:41p

link please. I'm sure everyone would be interested in free scores especially with a company wellknown as providian/WAMU


alert mods    
   posted: Jan. 29, 2008 @ 3:46p

Mine came out to 641. So based on the trend, would it mean that my FICO is as low as 540?


alert mods    
   posted: Jan. 29, 2008 @ 4:03p

IrateConsumer said:Did you have to give your current phone number for this offer.

Once I get on a list, I never get off.

IrateConsumerI gave a K7 number.

Scored 783...need to check my TU score.


alert mods    
   posted: Jan. 29, 2008 @ 4:30p

neednowallet said:Mine came out to 641. So based on the trend, would it mean that my FICO is as low as 540?

Don't be too discouraged. Heres a post from MyMoneyBlog.com

CK Founder Says:
January 28th, 2008 at 11:02 am

Thanks for the all the great feedback. We have every intention of publishing an equivalence table. Part of our beta objective was to observe how this score compares to other scoring methods.

Keep in mind that “scores” are somewhat arbitrary. Its the relative ranking and how your score changes over time that matters most. Also credit scores are non-linear meaning a simple .92 won’t work for everyone. I say this as a former statistician in the credit card industry.

We are working on an article that will address the other questions as well. Keep up the great discussion!

-Ken


alert mods    
   posted: Jan. 29, 2008 @ 4:41p

899 here, and real FICO is 813. Good to have another reference point, at least.


alert mods    
   posted: Jan. 29, 2008 @ 8:16p

This has be worried. Last time I checked my FICO, it was at 738. When I checked Credit Karma's score today, it was 745. I hope that doesn't mean my real score has dropped to the 600s.


alert mods    
   posted: Jan. 29, 2008 @ 10:38p

908, do I win?


alert mods    
   posted: Jan. 30, 2008 @ 12:41a

According to CKKen (the founder of Credit Karma) at http://www.creditkarma.com/article/differentscores:
The technical specs we received for the score are 390-950. We haven't seen anything in the low 400s or anything near the 950.

So it's not the 300-900 everyone's been talking about. Also, this means that if the CK model and the FICO model are equivalent (which they obviously aren't), the CK score should be 92 points higher than FICO.


alert mods    
   posted: Jan. 30, 2008 @ 8:50a

gumkin said:MikeR397 said:gumkin said: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!"Thanks, please let us know if you can update daily. Even if it only bumps TU, it might come in handy for bumpage, in addittion to the other benefits of a free score.

I tried it again today; my score didn't change but TU showed another soft pull when I checked. I didn't wait a full 24hours +1 to pull either.Awesome, so this can at least be used for TU bumpage for free!


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