Also, you could have a mortgage lender run your credit and tell you where you are, even though it will impact your score. It’s gone up 66 points already But now I’m wondering if I can do even better with Credit Karma. If you are in one of these situations, he said that you may want to buy your mortgage FICO scores from the myFico website. Last year, I signed up for Credit Sesame a free service that shows me my credit score and credit report, plus suggests steps I can take to improve my score. Furthermore, he said that if you are newer to credit, there is also often a large gap between these scores. However, in case you have any negative items, or high debts, your FICO mortgage score and Credit Karma score are able to vary widely. He also said that if you have no late payments, and low credit card debts, your Credit Karma score should be fairly high, and your mortgage score should be good as well. It is because mortgage lenders use versions of the FICO scoring model, not the vantage credit score which is offered by Credit Karma. On Quora, Shiva Bhaskar said that Credit Karma is generally not very useful as an indicator of your credit score when buying a home. Furthermore, he said that a 580 score on Credit Karma still means you are going to have a poor credit score, regardless of the method which is used. However, Randy Henderson on Quora, said that even though Credit Karma uses Vantage scores which is not what lenders use, it is still a good indicator of your financial health. While they are not your FICO scores since Credit Karma uses VantageScore, they give you a range where your FICO score would stand. Experian offers free access to credit scores and credit reports through various. He suggested that you have to connect to a service that provides the proper FICO score. The dashboard includes: Equifax and TransUnion credit scores represent your credit scores from two of the three major credit bureaus Equifax and TransUnion. Credit Karma is a user-friendly online service that offers free Vantage 3.0 scores from TransUnion and Equifax. Paul Gobat on Quora in a thread about the accuracy of Credit Karma when buying a house, explained that Credit Karma is not good enough to rely on.
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