Credit Karma Accuracy
Credit Karma has made waves in the financial industry by offering both free credit scores and free credit monitoring to its customers. At first, a lot of people were worried that Credit Karma is a scam. But, after an in-depth Credit Karma review, it seems that the company is legit. However, it is important to understand just what it is that they offer. Credit Karma vs FICO To understand whether Credit Karma scores are accurate, you first have to understand what credit scores are and where they come from. First, a credit score is nothing more than a number calculated from information in a person’s credit report. The idea behind a credit score is to determine algorithmically how good of a credit risk someone is without actually having to read through the details of a lengthy credit report. The resulting number is only as good as the math that created it. The more statistically accurate the number is, the better the score is. However, in the real world, there is really only one credit score that matters. Fair Issaac was the first company to popularize the concept of a credit score. Over the years, it has demonstrated that its credit …
