My fico vs credit karma vs equifax credit monitoring

As you all can see I am new here and have just begun my credit repair journey I'm hoping that some one can shed some light on credit score questions and educate me in the differences.
I have recently started using credit karma and they tell me the my credit score is 603 on trans union and 605 on equifax so not a huge difference however I was told by a lender that my score was 521. Can anyone educate me where the difference comes from.
Also I was looking at paying for one of the monthly subscriptions here on my fico for monitoring purposes as I have written a lot of GW letters and was just sucess ful at disputing a collection account that was not mine
What do you guys use and what are the pros and cons thanks

fire_bug wrote:
As you all can see I am new here and have just begun my credit repair journey I'm hoping that some one can shed some light on credit score questions and educate me in the differences.
I have recently started using credit karma and they tell me the my credit score is 603 on trans union and 605 on equifax so not a huge difference however I was told by a lender that my score was 521. Can anyone educate me where the difference comes from.
There are many different credit scores out there and they are all "correct" based on their own score model. Of those scores, there are FICO scores and Non-FICO scores, or "FAKO's" as they have come to be known. FICO reports that 90% of top lenders use FICO for credit decisions. It is clearly accepted as the industry leader. Your FICO score, just as any credit score, is based on the information in your credit report, you have 3 credit reports from the 3 main credit agencies, Equifax, Experian and TransUnion, and you will have a FICO score for each of those 3 credit reports. Your credit reports may have different info in them thus your scores may not be the same. In addition, the info in your 3 credit reports is always changing, even on a daily basis, thus your FICO credit scores are not static and will change with time, sometimes daily based on new info added to your credit reports or simply due to the passing of time (time is one of the major factors taken into account in you credit score). Additional info:http://www.myfico.com/crediteducation/questions/different-scores-for-3-credit-bureaus.aspx

Similar Messages

Which Trans Union score is more accurate - Credit karma or my fico?

Credit Karma lists my updated TU score at 644 (uses fico 04? or some other scoring model?)My fico report list my updated TU score at 666 (uses fico 08?)And report from TU own webpage lists my score at 724 (which I believe is the vantage score) Which one do you think would be the most accurate? I know my lender pulled score will be lower so not sure if I should ask him to pull yet or not as I have to be at least 620 on his pull and the end of August pull was only 613 I am good to go on EQ and EX so only waiting for TU to come up before I ask him to do the tri merge pull again.thanks

Revelate wrote:
Barneygirl wrote:
Revelate wrote:
Barneygirl wrote:
Barneygirl wrote:
Revelate wrote:
Revelate wrote:
Barneygirl wrote:
booandpuff wrote:
Shooting to add my income to hubby's current mortgage pre approval so we can raise the pre approval mortgage amountto get a better estimate at what your TU score really is, without taking the HP hit that having your mortgage broker pull it would be, I would recommend going pulling a report from iQualifier.com I've found that this one will give you a much better idea of where you really are. Barneygirl: I can't find anything on their webpage which suggests what score is being provided? Do you know explicitly that it's TU 04 Classic, or EQ Beacon 5, or EX Risk Model II?Oh Google is my friend: appears to be the old CE score that Quizzle used to use. Not worth spit as far as scores go unless Google is wrong (which does happen).iQualifier is the tool created by Credit Plus, which is the company that is used by MY mortgage company to pull credit reports It may not be perfect, but it was spot-on for a TU FICO score the last time I had my CR pulled by my mortgage company. It may not be "perfect" but it's a lot better than any other place I have found as far as providing me a place to check my TU score without having to have a HP every timeThere doesn't appear to be any place you can pull TU 04 Classic anymore.... at least not that I've found... and I've searched... a LOT! So if anyone has found someplace, please let me know so I can quit paying for iQualifier There isn't unfortunately to my knowledge (I wish there were, I'd even occasionally pay for that score); however, I wouldn't pay for a FAKO at all personally. The information found on this forum is far more valuable than an "educational" score in my estimation. When FAKO's equate to a FICO, it's pure coincidence unfortunately, and statistically is unlikely to remain that way as time passes. Right now mortgage qualification estimation is DCU for free monthly, or Equifax for instant-in-time FICO pull: both are EQ Beacon 5.0 which is a common mortgage score. Really isn't any other game in town unless you happen to be fortunate enough to be a member of PSECU on the assumption they're still providing an EX Risk Model v2Interesting... I just applied to DCU. I only have a few weeks till my mortgage process starts up full force... so hoping I can get through their estimator quickly. Equifax, for me, is a mess.... SAME information as on my other reports, however my score is seriously like 30 points lower. It's my lowest of the 3, so I at this point it will get tossed out, so buying EQ Beacon is a waste of money Experian was my highest at my last pull, and is my highest (by about 30 points) on myFICO. Not worried about that one... the wild card for me is TU. That was my second-highest score in July... and the one that'll determine where my rate will land... so that's why I need TU 04... It's a silly game... and I wish they would bring back TU 04 on here... I'd be willing to PAY for THAT one, as the one on here now is useless.Grin, I told them that with a lot harsher language but it didn't go anywhere. Re: Beacon 5.0 - actually I'd love to get my lowest score (and it probably is of the three in my case) as that way I know at a floor for what I'm looking at rate/downpayment wise.I'm in the same boat! I just figured that out tonight. How far off is the score on TransUnion's website if you pull it? From the Mortgage TU Classic 04. Either way, I think TU may have bumped up into my 2nd position!

Apparently Credit Karma isn't accurate at all, huh

So I bought a one-time equifax report/score directly from Equifax and then compared the numbers to Credit Karma. While the reported balances and all of that are the same, my "real" credit score from the direct pull from Equifax is 50 points lower than what CK reports...**bleep**?! Well, guess that makes CK basically worthless. With that being said, I am looking for a 3 credit score/report monitoring service which I can somewhat rely on to be accurate month to month. I realize that this site has some products, but $350 a year seems a little excessive, especially only to get quartley reports. Are there any more affordable sites out there where I can watch all 3 of the big boys for a better price (and month to month)?

agentsmith wrote:
HiFromSeattle wrote:
While the reported balances and all of that are the same, my "real" credit score from the direct pull from Equifax is 50 points lower than what CK reports...**bleep**?! Well, guess that makes CK basically worthless. It gives you all your correct credit info, from two CRAs, for free, but not giving an accurate FICO score (also for free) makes it worthless? They only make money off CC recommendations and advertising. I'm quite sure that the reason free sites like CK don't give accurate scores is because they can't, because they don't have access to the algorithms that generates a FICO score. Accessing the true FICO algorithms likely costs money, and that cost gets passed on to the consumer if they want to see their true FICO scores. Right, also it's not the CK is inaccurate, it almost certainly is accurate at producing the score that it claims to be using, Vantage Score 3.0. The problem comes in that few if any of the issuers use that in a major way. But if I look at a report pulled from here, focusing on EQ: FIC0 845 (This is the 08 score)FICO: 800 (Score 5, for mortgages) OMG, FICO is inaccurate by 45 points! (If I relied on the 08 while mortgage shopping) FICO: 847( /900) Auto score 8FICO 817(/900) Auto score 5 FICO 873 (/900) Bankcard 8FICO 807 (/900) Bankcard 5 So 67 points different! At least now this site shows you those scores, but if you don't know what score an issuer users, you can get as big as a surprise as with CK

Transunion & Equifax Credit Scores Dropped more than 20 pts!!!

I check my husbands credit score once a week (Credit Karma updates weekly). His scores have been between 525 and 540 on both with Transunion being the highest. For the past 2 weeks they have gone down! Equifax is now 499 and Transunion is 468!!
There's nothing new that I can see, does anyone know the reason this can happen?? He has a few collections, nothing new was added. The collection agencies report monthly. PRA only reported to Transunion for June!
Thanks

CK is basically worthless when it comes to gaining an 'accurate' overall snapshot of your credit profile and score. It always shows that one of my new auto loans has been deleted from the report, yet all of my credit reports (including CK report) show it is still there.My TU FICO8 is 757, no baddies at all, and yet CK shows my score to be 617 (no baddies, everything exactly as the TU site and MyFico reports). Also, I almost didn't apply for a LOWEs card because it showed that I had a poor chance of being approved. I did it anyway and have a $10K SL. It's great for notifications, I get them almost immediately and it's great to review and if anything seems inaccurate, you can pull the actual report, but other wise, Ck is for entertainment, IMHO

Credit Karma recommendations

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Kaylava wrote:
It can go either wY. Approval odds discover it poor but I was approved. Amex Ed good was approved, and chase freedom very good but denied( too many cards in 2 years) I don't think ck is up to date with new policies either. Funny thing is after I was denied, ck is still saying very good odds. LolYeah CK also said I had poor odds for getting a Discover card but yet I got one with a 21k starting limit. Amex ED and Chase Freedom are both always suggested for me even though I have them.

Credit Karma app crashes after all troubleshooting steps

I got the Credit Karma app a few days ago on my iPhone 4S and it's never worked for me. As soon as I log in it crashes
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When I restored my phone as new I downloaded it again, and it still crashed.
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Hi! I work at CK and can assure you that we're aware of this issue. We're currently working on a fix for it. Thanks for your feedback!

Credit Karma website has been fine...now am unable to go on that website...need a solution...please

Have been able to go online with credit karma for a couple of years, all of a sudden I cannot....online with other sites is as usual....just fine....have attempted several "fixes", no luck so far....thought I might get an expert to assist.....
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Many site issues can be caused by corrupt cookies or cache. In order to try to fix these problems, the first step is to clear both cookies and the cache.
Note: ''This will temporarily log you out of all sites you're logged in to.''
To clear cache and cookies do the following:
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#Now click the "Clear Now" button.
Further information can be found in the [[Delete browsing, search and download history on Firefox]] article.

Reporting date from Credit Lines & When 3 credit bureaus update?

We are waiting to get pre approved for a home loan. I started working on my credit 6 months ago and I estimate that after last month's payments (paid off 100% of my credit cards and making on time payments for the last 6 months), I will finally reach the threshold I need to get pre-approved. DTI is excellent and my husband's scores are great. We are just waiting for mine to gain the points needed. Anyway, I have tracked my credit lines reporting for the last 6 months and all report as follows: Auto - 30th of every monthStudent loans - 2nd of the following monthCredit card - 3rd of following monthCredit card - 10th of following month I made all my July payments and it is now August 7th. By now, Auto, Student, Credit Card 1 will have reported. When will the credit bureaus show the report? I was waiting until myfico and credit Karma sent me alerts, but I noticed there is a lag for when alert me. If I don't have to wait for their alerts, I could have the mortgage company pull my credit on the 11th to issue the pre-approval. But if there is a lag between when the credit lines report and the 3 credit bureaus actually show the update (even if they are back dating them), then I don't want to have him pull the reports too soon. So, my question is, when the credit lines report, is that reflected on my report instantaneously and just credit Karma and myfico is lagging? Or is there a true lag from when the credit lines report and the 3 credit burearus update?

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Bank is offering to increase my credit limit on 2 credit cards - good or bad idea?

My bank is offering to increase my credit limit on 2 credit cards.I have an excellent credit score, and already have more than enough credit limit available on my credit cards.I know that a higher limit would make for a better credit score when there is some debt on the cards.HOWEVER - What I'd like to know:Is it ever a bad idea to accept a credit limit increase offer from a bank / credit card issuer?Also - Can a too high of a credit limit affect ones ability to get a mortgage or other loans? Thanks!

SeattleGuy1968 wrote:
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I have an iTunes account with a $25.00 credit but everytime I go to purchase a song, it goes to my credit card details. How do I use the iTunes credit and not the credit card?

I have an iTunes account with a $25.00 credit but everytime I go to purchase a song, it goes to my credit card details. How do I use the iTunes credit and not the credit card?

Just to confirm, you are logged into the iTunes Store using the account in which the balance exists, and the balance is showing at the top of the iTunes Store window? And you're not trying to purchase gifts for someone else?

User exit for merging the credit limit in different credit control area.

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Credit sales order with credit check without top up limit

Hi Experts,
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I have check thru seem no such function.
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Thanks & Regards,
Yong Kok Wah

Hi,
Use a seprate risk category for such customer. In OVA8 Setting for the given risk category set the Credit Limit Seasonal factor.
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Regards
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Approval required for raising credit memo request and credit for returns.

hi experts,
In Standard SAP, credit memo request has a credit billing block. It has to be released by an authorised person. But for my client
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Credit Memo request
approval by USER1
approval by USER2
approval by USER3
approval by USER4
Credit Memo
Any idea or suggestion doing this please share...
your reply will be appreciated with points.
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-Jay

Hi,
In our project,we have a similar requirement.
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Regards,
V S

Hello,
Subsequent Debit and Credits
After an Invoice is successfully posted and the transaction is completed, Vendor approaches with additional amount invoice or correction in Invoice.You would like to post this additional invoice with reference to the original PO and item. Subsequent Debit / Credit functionality allows you to capture this difference without canceling original invoice.
Please check this link
http://help.sap.com/erp2005_ehp_03/helpdata/EN/a8/b99890452b11d189430000e829fbbd/frameset.htm
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Credit memo and subsequent credit

Can anybody tell what is the difference between a Credit memo and subsequent credit memo.
I am finding the impact of both on the PO as same.

Hi,
The difference betwen them is that a credit memo quantity and amount are
affected but in subsequent credit only the amount is affected nor quantity.
For example.
You have in your po history.
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IR (normal invoice)
x       10           10
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Best regards.
Antonio.

My fico vs credit karma vs equifax credit monitoring

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