DISQUS

Juggler314 · 1 month ago

Hmm...well i just tried out credit.com and while it may offer a bit more detail, i don't think whatever scoring model it is using is even remotely accurate. It told me I had "one of the highest credit scores possible". But I know this is not true from pulling my own FICO scores. Several issues - it seems to have ignored my BK (it sees it, but it doesn't drag the score down, or the many 90+ lates associated with that BK). It also has my AAoA higher than it is in reality. Credit Karma, while not an actual FICO score at least tracked roughly equivalent to FICO scores. It's worth noting that even 750 which is the low end of the score range is at least 30 points over my actual score. Let alone the top end of the "range".

I hope that's just the new service not being that accurate...

Also credit karma will pull your report every day if you want, credit.com only pulls it once/30 days.

I'm not sure why, based on, seemingly, only one small discrepancy (that credit karma is not correctly pulling an old account), you would decide that credit.com is more accurate. It could be that the data it is getting is also incorrect and it is no fault of Credit Karma at all.

Looking through the summary data on credit.com it seems to be taking an overly optimistic view of my credit report. It says I have 2 mortgages and 3 auto loans when in reality I have only 2 old mortgages (no longer part of my credit report) and just one auto loan (the other two are one much older one and a the original one before I refi'd my current loan).

I'll check back in a couple of months, but right now, at least for me, credit.com does not represent anything even remotely helpful as every other reporting gives me a lower score (both FICO's + severale FAKO scores).

Flexo · 1 month ago

Thanks for sharing your observations, Juggler. I imagine other people will see lots of interesting differences between Credit.com's data and Credit Karma's data.

Ann-Marie · 1 month ago

I think it's important to differentiate here between the "credit report card" that you get on these sites and a REAL credit report. Neither site offers a real credit report from one of the three credit bureaus, only a subjective assessment of what's on your credit report. While these assessments may give you a general idea of what's affecting your credit score, in the case that you get a low grade, you'll need to pull your full credit report to find out what specific account is hurting your credit.

Juggler314 · 1 month ago

agreed, but at least for me, even the "credit report card" bit on credit.com was *way* out of whack with reality.

one thing I've noticed about fako scores while diligently tracking both my fico and some fako scores is that even though the fakos obviously aren't real they tend to roughly track the fico scores. By that I mean if you graph both over time the shape of the graph is similar (pay down debt and both will go up, etc).

David · 1 month ago

I just tried out Credit.com's report card too and, although it looks great, I am skeptical of its accuracy, too. It gives me an A+ when I know my actual score range is 680-700 because of high (but declining) utilization and a stupid 30-day late payment a bit over a year ago. My credit should be more like a "C" or "B-" if you ask me. CreditKarma seems to be more accurate in that regard with its estimated scores for me hovering in the 680-700 range.

Juggler314 · 1 month ago

David, Did you try writing a good will letter for your creditor with the 30 day late? if you generally are a good customer (both before and after) sometimes they will erase it. I've never done one myself by the folks over at the myfico forums have many tips on it.

Kelly · 1 month ago

I personally thought credit.com did a decent job of telling me my "grade", but it was too vague in the assessment of the actual number.

It also said I had multiple credit inquires the last being from 9/09.

Flexo do you know if creditkarma.com is considered an inquiry? Other than credit karma, I have not used any credit related service or requested increases nor applied for new cards.

Eric · 1 month ago

Credit Karma imposes "soft" inquiries so it won't harm your score every time you pull.

Personally (because of inertia more than anything), I think I'll just with Credit Karma. However I really appreciate the comparison as I was waiting for someone to do it.Timely!

Thanks Flexo!

Flexo · 1 month ago

Like Eric mentioned, Credit Karma does a soft pull on your credit, not affecting your score. Credit.com does the same.

David@DINKSFinance · 1 month ago

I would prefer CreditKarma due to the additional categories and less advertisements about upgrading for some fee. To me these are more important than the small difference in accuracy.

Edward Dowdle · 1 month ago

First time looking at this service.