G.E money says my credit score is 668, credit karma says 606 both with trans union. Who should I believe?

: G.E money says my credit score is 668, credit karma says 606 both with trans union. Who should I believe?
G.E money says my credit score is 668, credit karma says 606 both with trans union. Who should I believe?

Answers and Views:

Answer by A Hunch
Google them and find out which one is more believeable.
Credit Karma is not known for it’s accuracy but they usually inflate not reduce…

Answer by Huntsman
GE money is not using the fico formula (that is a private company secret)
Neither are credit karma or the transunion score.
The fico score belogns to FICO. Consider all other imitations fakes
The the scoring system was public – myfico.com could not charge for it.
Get your real score from myfico.com – one time fee of $ 20
Fico uses a scoring range from 300 to 850
Transunion uses a range from 501 to 990

Scores are out there to confuse you. To keep draining you out of money.
Did you know that many people never get them or refuse to get them ?
But… they know every single line in all 3 of their credit reports for free once a year at
Annual Credit Report.com
And they know the secrets of maintaining top credit worthiness

Answer by Mrea Paralegal
Depends on the scoring model.

Answer by Mel M
Credit Karma uses an indicator model to help you get an idea of what your credit score is. If GE Money rejected you for a loan, they are required to provide you with your credit score. Don’t bother paying $ 20 for the FICO score from FICO because it is just an “educational score” that they sell to consumers. When lenders get credit scores from FICO, they get a different score, not the “educational” one. I don’t know why FICO can get away with this scam.

Hope this helps. Good luck.

Answer by Use Your Noodle
Sounds like you applied for credit with GE and were declined? The law now states that if you apply for credit are are denied, you can request that the place you applied for credit from give you the credit score they used to base their decision on.

At any rate, I would obviously believe what GE said. Why? Because they took it right from the source. Credit estimating sites like CK take the info YOU give them and then guesstimate what your score would be based on that info. GE actually PULLED your credit report/score to base their decision on.

Answer by variance75
They both can be right. Many people don’t realize that they have multiple credit scores. The Consumer Financial Protection Bureau recently wrote:

“A consumer, unaware of the variety of credit scores available in the marketplace, may purchase a score believing it to be his or her “true” (or only) credit score, when in fact there is no such single score”