Cruian t1_iugcfu6 wrote on October 31, 2022 at 2:41 AM

Reply to comment by thedailytoke in How accurate is Credit Karma by CASTePhYRusIO

Credit Karma does provide an actual TransUnion score: TransUnion Vantage 3. If you mean TransUnion FICO score, even there you don't have 1 of those, you have many.

thedailytoke t1_iugcw2s wrote on October 31, 2022 at 2:45 AM

I recently bought a car and was provided with a print out of my score that states “trans union” as the agency where the score was pulled from. On credit karma and my chase credit journey app my score is 745/760 but on this paper it says 811. This was last week.

Cruian t1_iugdfka wrote on October 31, 2022 at 2:49 AM

TransUnion is a credit reporting agency. They provide the information that is used to fill out scoring models. So one of your many scores that uses TransUnion provided info was 811, but that is not your only TransUnion score.

So you have different scores for:

TransUnion FICO 8
TransUnion Vantage 3
TransUnion Vantage 4
TU FICO 9
TU FICO BankCard 8
TU AutoScore 8
TU BankCard 9
TU autoScore 9
TU FICO 4 (this is the mortgage score).
And More

That's all without looking at Experian or Equifax.

thedailytoke t1_iugf9q7 wrote on October 31, 2022 at 3:04 AM

Wow what’s the point of all of that? In my uninformed opinion, that’s way too much. Either you’re a good borrower or not. A loan is a loan.

beekeeper1981 t1_iugk4j2 wrote on October 31, 2022 at 3:49 AM

Finding a tiny edge for making differing types of loans means a lot more profit for lenders.

Cruian t1_iugrqbc wrote on October 31, 2022 at 5:15 AM

Credit scores aren't for you, they're for lenders. FICO and Vantage continually work to try and improve their models, as well as design ones for specific types of loans.