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

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

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.