What do you mean Credit Karma
Don't get me wrong, Credit Karma is good to monitor things and ensure your credit isn't be pulled or someone hasn't stolen your identity because it offers alerts and monitoring. However, the scores are not accurate because there are many different credit reports and scores out there.
The only scores that truly matter are finance reports and scores. These are scores that the banks and loan officers pull. Credit Karma, Credit Sesame, and AnnualCreditReport.com are all examples of reports that you as a consumer can pull for free. These are consumer scores and are not finance scores that a bank or lending institution would actually show.
Looking to Buy a House or Obtain Financing?
Do Not Use Credit Karma As Your Credit Source
The scores from these consumer credit monitoring companies are way off. For example, my Credit Karma scores are 92 points lower than my mortgage or lending credit scores! You could qualify to buy right now and think that you don't because you are looking at an inaccurate credit score on a consumer credit report. The only way you will know if you qualify for financing is if you have a loan officer call your credit or you can pay for a credit report at MyFico.com.
You Will Never Get Accurate Credit Information For Free!
Did You Know There Are Many Types Of
Credit Reports and Scores?
There are also many different FICO scoring algorithms, the country is currently on FICO 9.