Why is my credit karma score higher than fico

Q: Is Credit Karma FICO score accurate?

Heres the short answer: The credit scores and reports you see on Credit Karma come directly from TransUnion and Equifax, two of the three major consumer credit bureaus. The credit scores and reports you see on Credit Karma should accurately reflect your credit information as reported by those bureaus.

Q: Is Credit Karma higher or lower than FICO?

Youve probably heard of Credit Karma – even the name sounds nice, doesnt it? But, despite that, youd be surprised how many borrowers are shocked that their Credit Karma score is lower than the FICO scores their lender uses.

An example of difference that I have encountered:

Table of Contents Show

Is Credit Karma FICO score accurate?
Is Credit Karma higher or lower than FICO?
How far off is Credit Karma?
Why is my FICO score lower than my credit score?

I have a 2016 charge-off of $92 (surprise! Blindsided by it this year when checking credit)

I paid it off about six weeks ago

It no longer counts on VantageScore, but does count on FICO. So in my case, I could expect a lower FICO than VS.

However, if it was a collection instead of a charge-off, it would have never counted against FICO (they disregard collections under $100), but would have counted against VS until paid off. Keep in mind that if you have great credit, a single derogatory item can have a big impact. So for example, if you had one collection for $80, it might hurt your VS a lot and not affect your FICO at all.

It's just two different formulas that try to do basically similar things, but do it in different ways. Results are "probably" "usually" similar but in specific cases, could vary greatly.

Either way, your credit is way ahead of mine! Good luck!

FICO Resilience Index: 64. Cards: 5/24, 2/12, 2/6. Accounts including loans: 8/24, 4/12, 3/6. Card CLs total $213,900, or $240,400 including the AU card. Cards (oldest to newest)

Authorized user / Corporate / Auto loans / Personal loan

Is Credit Karma FICO score accurate?

Here's the short answer: The credit scores and reports you see on Credit Karma come directly from TransUnion and Equifax, two of the three major consumer credit bureaus. The credit scores and reports you see on Credit Karma should accurately reflect your credit information as reported by those bureaus.

Is Credit Karma higher or lower than FICO?

You've probably heard of Credit Karma – even the name sounds nice, doesn't it? But, despite that, you'd be surprised how many borrowers are shocked that their Credit Karma score is lower than the FICO scores their lender uses.

How far off is Credit Karma?

But how accurate is Credit Karma? In some cases, as seen in an example below, Credit Karma may be off by 20 to 25 points.

Why is my FICO score lower than my credit score?

When the scores are significantly different across bureaus, it is likely the underlying data in the credit bureaus is different and thus driving that observed score difference.