VantageScore

Lifestyle

How Accurate is Credit Karma? Exploring its Credit Score Accuracy

Understanding the Credit Scoring Model used by Credit Karma Credit Karma uses VantageScore 3.0, a credit scoring model developed by the three major credit bureaus (Equifax, Experian, and TransUnion). VantageScore 3.0 is a newer scoring model that was introduced in 2013, and it uses a different methodology compared to the traditional FICO credit score. VantageScore 3.0 uses a scoring range…