Credit Karma Reviews: Is It Legit or a Scam?

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DavidNY
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Postby DavidNY » Fri Mar 23, 2012 9:20 pm

Grupet wrote:This might be a stupid question, but is there any restriction on how often you can go to Credit Karma and check your credit score?


No, just hit 'update' when you want a new score tallied. Note that what Karma gives you is only your TU TransRisk score; you have many different credit scores from various companies.

Will it in any way hurt my CS if i went to check it once a month?
No. You could check it every day and your CS would not be affected, because it is you who is pulling the data.


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Postby Grupet » Sat Mar 24, 2012 4:19 pm

Thanks DavidNY.

So where do I go to get my real 3 credit scores? And how much does it cost to get that information?
Do I get charges for every time I check my score, or do I pay a monthly/yearly fee?

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Postby DavidNY » Sun Mar 25, 2012 1:50 pm

You can visit AnnualCreditReport.com or MyFICO.com for your scores, there are various fees for them depending which you use. (I don't really see the point of paying for scores, but there you go.)

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Postby edwardskinner » Thu Jul 24, 2014 6:01 pm

Hi I think that Credit Sesame is a better option to be honest. Credit Sesame offers free identity theft insurance, and I haven't found anyone else that offers this.

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Postby djrez4 » Fri Jul 25, 2014 7:48 am

edwardskinner wrote:Hi I think that Credit Sesame is a better option to be honest. Credit Sesame offers free identity theft insurance, and I haven't found anyone else that offers this.


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Postby marlonbishop » Sat Aug 09, 2014 11:48 am

it wont hurt your credit you just log on and see your profile. been using it for a month and the though my score showing in credit karma is slightly lower
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Postby Vattené » Sat Aug 09, 2014 4:51 pm

Just logged on and saw they are now providing credit reports, too. As others have pointed out, it is a good tool as long as you don't mistake it for a FICO and keep an eye on it for larger scale trends.
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Re: Credit Karma Reviews: Is It Legit or a Scam?

Postby MichelleC1026 » Sat Jun 06, 2015 9:14 pm

I accessed my 3 most recent reports from their respective places and my scores are higher than what credit karma reveals even though they claim to be updated. I'm not sure I trust their "updates".

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Re: Credit Karma Reviews: Is It Legit or a Scam?

Postby Vermonster » Sun Jun 07, 2015 9:21 am

MichelleC1026 wrote:I accessed my 3 most recent reports from their respective places and my scores are higher than what credit karma reveals even though they claim to be updated. I'm not sure I trust their "updates".


Well if you read the rest of the thread you would have seen that CK uses a Vantage Score, where as most of what we're looking for is a FICO score. And yes, they tend to be different.

But as was stated before. CK is a great, free, way to check your credit reports and see if anything is changing.
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Re: Credit Karma Reviews: Is It Legit or a Scam?

Postby kdm31091 » Sun Jun 07, 2015 11:39 am

Vermonster wrote:
MichelleC1026 wrote:I accessed my 3 most recent reports from their respective places and my scores are higher than what credit karma reveals even though they claim to be updated. I'm not sure I trust their "updates".


Well if you read the rest of the thread you would have seen that CK uses a Vantage Score, where as most of what we're looking for is a FICO score. And yes, they tend to be different.

But as was stated before. CK is a great, free, way to check your credit reports and see if anything is changing.


Exactly. It's not "a scam". It's just not a FICO score. But it's also free and you don't need an account with any lender to have it.

It's useful to monitor changes, account updates, inquiries falling off etc. It's about all I really need. I will be cancelling my Myfico credit monitoring. I don't need up to the minute updates, IMO it's overkill unless you are planning a big upcoming app or something, you really don't need the play by play of your reports. It's a waste of money for me.



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