Comments on: Credit Karma Free Credit Score Service Can Help You in This Economic Environment: An Interview with CEO Ken Lin http://www.thesunsfinancialdiary.com/credit-report/credit-karma-free-credit-score-monitoring-service/ Fri, 03 Feb 2012 17:42:24 +0000 hourly 1 http://wordpress.org/?v=3.3.1 By: credithttp://www.thesunsfinancialdiary.com/credit-report/credit-karma-free-credit-score-monitoring-service/#comment-64354 credit Sun, 20 Feb 2011 19:08:31 +0000 http://www.thesunsfinancialdiary.com/?p=3779#comment-64354 I hesitated about giving my SSN when I first knew Credit Karma, but now I am quite comfortable with it after seeing it improved in the past couple of years.:) I hesitated about giving my SSN when I first knew Credit Karma, but now I am quite comfortable with it after seeing it improved in the past couple of years.:)

]]> By: Sunhttp://www.thesunsfinancialdiary.com/credit-report/credit-karma-free-credit-score-monitoring-service/#comment-64164 Sun Sat, 08 Jan 2011 00:27:21 +0000 http://www.thesunsfinancialdiary.com/?p=3779#comment-64164 I update my credit score with Credit Karma every month in the past two years and I never saw a single check showed up in my credit report. I update my credit score with Credit Karma every month in the past two years and I never saw a single check showed up in my credit report.

]]> By: Tamarahttp://www.thesunsfinancialdiary.com/credit-report/credit-karma-free-credit-score-monitoring-service/#comment-64163 Tamara Fri, 07 Jan 2011 17:05:59 +0000 http://www.thesunsfinancialdiary.com/?p=3779#comment-64163 I just looked at my "Hard inquiries, and it is showing 4, there is nothing other than Credit Karma that I have looked at my credit for. It is January 7th, 2011.....Maybe I missed something in their details. I just looked at my “Hard inquiries, and it is showing 4, there is nothing other than Credit Karma that I have looked at my credit for. It is January 7th, 2011…..Maybe I missed something in their details.

]]> By: Sunhttp://www.thesunsfinancialdiary.com/credit-report/credit-karma-free-credit-score-monitoring-service/#comment-56939 Sun Sun, 03 May 2009 13:40:45 +0000 http://www.thesunsfinancialdiary.com/?p=3779#comment-56939 @Adam Since every lender uses FICO score, the credit score Credit Karma is giving away for free doesn't really matter if you only look at the score itself. However, as you said, it's the trend of where the score is going that needs the attention. Even though every score is developed with different ways to do the calculation, they should all share some common elements to make them valid. I am using Credit Karma to watch the trend, nothing else. @Adam Since every lender uses FICO score, the credit score Credit Karma is giving away for free doesn’t really matter if you only look at the score itself. However, as you said, it’s the trend of where the score is going that needs the attention. Even though every score is developed with different ways to do the calculation, they should all share some common elements to make them valid. I am using Credit Karma to watch the trend, nothing else.

]]> By: Adamhttp://www.thesunsfinancialdiary.com/credit-report/credit-karma-free-credit-score-monitoring-service/#comment-56764 Adam Thu, 30 Apr 2009 20:13:56 +0000 http://www.thesunsfinancialdiary.com/?p=3779#comment-56764 Just as a quick check back, my scores showed a 20point deterioration on Credit Karma (month to month), all other things being equal (and an on time month as usual).When I applied for a mortgage they sent me my FICO (and other) scores in the mail, and there was over a 70 point (in my favor) difference. Being off by these 70 points was pretty serious, its 12% of the scoring range. I know FICO is a proprietary score, but come on, being off by 12%? That's pretty intense.Caveat emptor, use the karma service to alert you to sudden drops which might indicate errors in your report and stay away from using it as a guidepost for what your FICO scores really are. Just as a quick check back, my scores showed a 20point deterioration on Credit Karma (month to month), all other things being equal (and an on time month as usual).

When I applied for a mortgage they sent me my FICO (and other) scores in the mail, and there was over a 70 point (in my favor) difference. Being off by these 70 points was pretty serious, its 12% of the scoring range. I know FICO is a proprietary score, but come on, being off by 12%? That’s pretty intense.

Caveat emptor, use the karma service to alert you to sudden drops which might indicate errors in your report and stay away from using it as a guidepost for what your FICO scores really are.

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