Credit Karma Review
I take a look at one of the most popular web-sights for getting free credit scores and on Credit Karma Review you get three!!! Remember the old saying? “you get what you pay for” and guess what? no FICO score is available. So you still have no idea if you would qualify for a mortgage, but there was something I really liked on the site, watch this to find out what it was…
Hi everybody Dave Sullivan for the Credit Guy TV this week I want to do a quick little review on Credit Karma K A R M A. They have a website they have set up giving away free credit scores and I went thought the process, I checked it out fairly simple to sign up.
I like the fact that I did not have to put in my full social to get the information and it is all free. The problem is that it gave me a trans risk score with has no relevance to the FICO score but it just so happens to have the same range 300 to 850 and then it has a vantage and auto insurance score.
Those scores are OK to look at and they are free but you should not get a false sense of security thinking that you know your FICO score it is. Your FICO score going to very a little bit but if you know what the ranges are for the other scores it may be a great way for you to check it out.
I am not big on that, but I did like the portion in here the credit simulator. I really liked how the credit simulator where you could add different things on your credit report. Then find out what the score would be now again it will not be the same results as the FICO score.
I liked the ability to play around with this, it is a great way to learn. It is really based on your credit score now the credit bureaus like the one I work at have had this tools for a long time for the loan officers. They have had been able to do this go in and make corrections and see what the score would be really play with the model but the result was much closer to FICO than these scores.
Although, if you are just trying to learn and kind of test things out now there will be advertisements all over this site. I would defiantly use this and go in and play with the credit score simulator. Just so you can better lean about ways to improve your specific credit report. It really is nice in that way. I am going to go a head and recommend Credit Karma.
I don’t know how long this will last because as more and more people come in to it and they don’t charge anything for it they are ether going to have to charge or do something to raise money. I don’t think the revenue created will support it. The other thing I wanted to tell you is that you don’t actually get your credit report back you get the vantage the true score from trans union and the auto insurance score so I would tell you to go check it out.
So that is Dave Sullivan with the Credit Guy TV so you with a little bit of me we are going to change the credit industry