I just pulled my CreditKarma score. Yesterday it was 752. Today it is 731.
There has been no activity that would explain this, no new inquiries, no lates, no significant revolving account balances changed. I have a Discover card that I pay in full every month, and the reported balance is anywhere between 800 and 4000 each month, but recently, it has been on the low side.
So I sucked it up and paid $11 for a TU report to rule out some false reported item. Could not find anything.
I feel like a big idiot now. TU owns CreditKarma. Their sales are low, so they drop the score as reported by CreditKarma for 100,000 random users and - voila - a large portion of those 100,000 will pay $11 for a new report.
Has this happened to anyone else today? Or did CK change their formula?
I am back to studying my TU report. Maybe I overlooked something?
Between the 19th and the 23rd, my score dropped 2 points. I don't really care, as I know 2 points is beans, and could just be me charging 20 bucks and happening to push me over some random % utilization limit. For a while, creditkarma had this page where it would say what was causing your score to drop, and at one point, it listed a delinquent account for me. I didn't have any delinquent accounts at the time, and confirmed it with one of my free credit reports. YMMV with respect to the free FAKO tools.
Mine dropped 4 points, which is unusual since there is no activity to account for it. They probably tweeked their algorithm.
ucfzf10
Member
posted: Apr. 23, 2009 @ 5:55p
Mine dropped by 1 point from 781. No new activity from what I can tell.
mhudson
Senior Member
posted: Apr. 23, 2009 @ 6:24p
785 to 784 today.
ptiemann
Senior Member
posted: Apr. 23, 2009 @ 6:28p
ThePessimist said: OP, do you have an older TU report? It might be that something dropped off to cause the decline, rather than something new showing up.
very good idea. Maybe I did open an old account 10 yrs ago that is closed now and it fell off.. thus my average account age has changed.
Yes, I do have a report from a few months ago and I will compare it.
Mine has been following along with my AOR activity of last year and the drop offs of inquires this year pretty closely. It also follows the utilization on my credit cards at the ends of each month rather closely with the others. The only credit reporting that I have had stay the same no matter what I did was American Express.
ptiemann said: I just pulled my CreditKarma score. Yesterday it was 752. Today it is 731.
There has been no activity that would explain this, no new inquiries, no lates, no significant revolving account balances changed. I had a similar, inexplicable drop in my score at CK, as well. I haven't bothered to check my TU report.
Is CK still simply providing the same score that TU does?
bauzer71487
Greedy Member
posted: Apr. 23, 2009 @ 6:45p
ptiemann said:
So I sucked it up and paid $11 for a TU report to rule out some false reported item. Could not find anything.
-Peter
The question is why did you pay for the report, why not use your free one?
bnj999
Member
posted: Apr. 23, 2009 @ 6:46p
Mine has remained constant since March 25... I've checked three times this month already... doesn't seem like there's anything different. I did recently get another $10K in BT money that probably hasn't been reported yet.
ptiemann
Senior Member
posted: Apr. 23, 2009 @ 7:00p
bauzer71487 said: ptiemann said:
So I sucked it up and paid $11 for a TU report to rule out some false reported item. Could not find anything.
-Peter
The question is why did you pay for the report, why not use your free one?
I got a free report a few months ago.. only 1 free report per year, right?
ptiemann said: bauzer71487 said: The question is why did you pay for the report, why not use your free one?
I got a free report a few months ago.. only 1 free report per year, right?
[Note: I did try to get a free one, of course]
-PeterI believe you can generally get another if you are denied credit in the recent past or have some other reason to suspect that there is something wrong on your report.
mttatkns
Thrifty Member
posted: Apr. 23, 2009 @ 8:41p
theman2 said: ptiemann said: bauzer71487 said: The question is why did you pay for the report, why not use your free one?
I got a free report a few months ago.. only 1 free report per year, right?
[Note: I did try to get a free one, of course]
-PeterI believe you can generally get another if you are denied credit in the recent past or have some other reason to suspect that there is something wrong on your report.yes, that's correct; you can get another one if any bank action indicates that a particular credit agency's report was used in making their decision to decline your application, lower your credit limit, close your card, etc.
As for creditkarma, my score has been the same since March 2, when it dropped 1 point, after dropping 3 points on February 19.
SANBABE12
Member
posted: Apr. 23, 2009 @ 8:52p
like another site freecreditreport.com
SecondCor521
Senior Member
posted: Apr. 23, 2009 @ 10:39p
Mine was 760 for the last little while; checked it today and it is 735. No real explanation for it that I can think of; if anything I would expect that it would be going up, because the only things that should be happening is lower balances owing and perhaps an inquiry dropping off.
Yesterday my Credit Karma dropped from 754 to 724. I pulled National City Credit Protect to find my TU inq's went from 3 to 16. Looks like everything that was bumped off going back 2 years (to 6/07) has returned. Today's (4/24) score is still 724.
r0man said: Yesterday my Credit Karma dropped from 754 to 724. I pulled National City Credit Protect to find my TU inq's went from 3 to 16. Looks like everything that was bumped off going back 2 years (to 6/07) has returned. Today's (4/24) score is still 724.
Yep, you nailed it. My five inquiries all reappeared, and my score dropped 15ish points (most are more than a year old). What's happeing to those people who have 30 inquiries that had gone away!
RS4Rings
Back in Rehab
posted: Apr. 24, 2009 @ 7:52a
Technologist said: Mine is the same as it has been for months: 800
Wife dropped 5 points... now 796
*end of weenie boast!* Well mine has been at 806 for months, So take that you little weenie
why the hell is creditkarma doing this to me?! it says I need to verify my entire social security # for the first time in their new system. It says I am verified, and when I go back to retrieve my score, it pops up the same error again?!?
Am I missing something? I used to check it everyday until sometime last year but haven't used it in the last 4-5 months...
TFB1
Member
posted: Apr. 25, 2009 @ 2:47a
My CreditKarma score also went down, from 798 (checked 4/22) to 796 (checked 4/24). There has been no activity which would explain this. I checked my myFICO.com score about a month ago and it was 799.
joemama15
Member
posted: Apr. 25, 2009 @ 2:57p
My CreditKarma report dropped today as well by 30 points, I assume from inquiries coming back. However, when the same thing happened in December, they got bumped off about a month later and the score went up in 1-3 point increments
So I sucked it up and paid $11 for a TU report to rule out some false reported item. Could not find anything.
-Peter
The question is why did you pay for the report, why not use your free one?
I got a free report a few months ago.. only 1 free report per year, right?
[Note: I did try to get a free one, of course]
-Peter
You can get a free report from "each" CB per year. With that being said and after you wasted your money paying at TU, go and check the two free ones left from EX and EQ.
poordealguy said: why the hell is creditkarma doing this to me?! it says I need to verify my entire social security # for the first time in their new system. It says I am verified, and when I go back to retrieve my score, it pops up the same error again?!?
Am I missing something? I used to check it everyday until sometime last year but haven't used it in the last 4-5 months...
It means that you're on a list of people that are "special" to TU. This started to happen to me in Dec'08 on the same day when TU restored all the inqs. I asked CreditKarma guys how long this is going to continue and they told me "several months." I interpreted that as "forever" and closed my account with them thinking that re-opening it sometime in the future when the dust settles (and when I really need it) may help avoid this problem.
maolf
Member
posted: Apr. 27, 2009 @ 2:58a
Mine actually dropped from 771 to 759 between April 19 and now on it.
cyberkost said: poordealguy said: why the hell is creditkarma doing this to me?! it says I need to verify my entire social security # for the first time in their new system. It says I am verified, and when I go back to retrieve my score, it pops up the same error again?!?
Am I missing something? I used to check it everyday until sometime last year but haven't used it in the last 4-5 months...
It means that you're on a list of people that are "special" to TU. This started to happen to me in Dec'08 on the same day when TU restored all the inqs. I asked CreditKarma guys how long this is going to continue and they told me "several months." I interpreted that as "forever" and closed my account with them thinking that re-opening it sometime in the future when the dust settles (and when I really need it) may help avoid this problem.
My wife and I made that list - so I put a security freeze on both. Whatever 18 cents Transunion would have made off of someone pulling my report - not now!
Nonaii
Senior Member
posted: Apr. 27, 2009 @ 6:27a
mine dropped 14 FAKO points on April 23rd -- same day as many other people's -- because I had 6 inquiries added back on, 2 of which were duplicates. because i have true credit, I saw the change at TC before credit karma. I don't even visit credit karma and true credit daily anymore, and haven't in months; and i only visited credit karma after my eyebrow raised seeing what was on true credit.
I know this is an old thread, but has anyone checked out CreditKarma.com's "Report Card" feature? I just noticed it today, so maybe it's not as new as I think it is. Provides a lot more information than the general creditkarma info. It appears to be accurate for my CR.
I just noticed the Report Card today too. It does seem to have accurate info for us too, and prompted for credit report verification info just like going through annualcreditreport.com.
Glitch99 said: TU does NOT own creditkarma. CK does pull TU.
Then why are CK softs named "naas via KARMA/TRANSUNION INTERAC"? I'm not saying you're wrong, just wondering.
Glith99 said: Periodically, TU has been clearing out all the stacked (multiple inquiries from the same source) soft inquiries from your report, so that there is again room for the hard inquiries to display. Adding more soft inquiries will then 'bump' the hards back off - until they remove the stacked softs again.
I suspect TU is chopping more frequently lately, enough that hards aren't even bumped first (once a week or less?). Has anyone seen bumpage lately, like in the last month or 2?
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