Credit Karma Equifax Addition – The Service Continues to Improve
I have been a long time user of both Credit Karma and Credit Sesame. Both companies launched similar services a couple of years ago offering consumers free access to their “FAKO” credit scores in exchange for targeted offers.
This past year with more and more banks offering free actual FICO scores, the services have had to step it up. Both began offering credit monitoring earlier this year and Credit Karma began giving consumers access to their full Transunion reports recently.
While there isn’t much new from Credit Sesame, Credit Karma continues to improve. Yesterday they announced the rollout of Equifax credit scores and reports for all of their members in addition to the Transunion information currently available.
While most members should already have the Equifax information showing in their accounts, the rollout is still going on.
My account has been updated with all of the new features & information. As was the case before, Credit Karma uses the Vantage Score 3.0 model to calculate your score, which means it isn’t going to be as accurate as an actual FICO score.
When looking at your credit reports, Credit Karma very nicely places summaries from both reports side by side for comparison. If you want more details, you can then click through for a look at your full report from each credit monitoring agency. Very well done.
With the addition of Equifax and a revamp of their site design, Credit Karma has taken a strong leap forward in improving their service. Credit Sesame is starting to lag behind, since they only offer one credit agency (Experian) and charge for access to your full report.
To see if you have the new Equifax information in your Credit Karma account, simply login to look. If it isn’t showing yet, Credit Karma has said they are rolling out the new information to all of their account holders, so it should be there soon.
HT: Doctor of Credit