![]() ![]() ![]() Also, you could have a mortgage lender run your credit and tell you where you are, even though it will impact your score. If you are in one of these situations, he said that you may want to buy your mortgage FICO scores from the myFico website. While they are not your FICO scores since Credit Karma uses VantageScore, they give you a range where your FICO score would stand. Furthermore, he said that if you are newer to credit, there is also often a large gap between these scores. The dashboard includes: Equifax and TransUnion credit scores represent your credit scores from two of the three major credit bureaus Equifax and TransUnion. However, in case you have any negative items, or high debts, your FICO mortgage score and Credit Karma score are able to vary widely. He also said that if you have no late payments, and low credit card debts, your Credit Karma score should be fairly high, and your mortgage score should be good as well. It is because mortgage lenders use versions of the FICO scoring model, not the vantage credit score which is offered by Credit Karma. On Quora, Shiva Bhaskar said that Credit Karma is generally not very useful as an indicator of your credit score when buying a home. Furthermore, he said that a 580 score on Credit Karma still means you are going to have a poor credit score, regardless of the method which is used. ![]() When it can reach over 740, you are able to apply for a. If you want to buy a home in the future, Credit Karma can also be used to keep track of your credit score over time and make sure that it is improving. However, Randy Henderson on Quora, said that even though Credit Karma uses Vantage scores which is not what lenders use, it is still a good indicator of your financial health. According to the UpNest site, if you want to buy a home soon, you can use Credit Karma to be able to see your credit score for free. He suggested that you have to connect to a service that provides the proper FICO score. Paul Gobat on Quora in a thread about the accuracy of Credit Karma when buying a house, explained that Credit Karma is not good enough to rely on. ![]()
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