Credit Karma Is Transitioning to the VantageScore 3.0 Score Provided by TransUnion

Credit Karma is transitioning to a new type of credit score: the VantageScore 3.0 score provided by TransUnion. We want you to know why we believe these changes will deliver more value.

Why?

More than six billion VantageScore credit scores were used by lenders and other industry participants, including seven of the top 10 largest financial institutions in the U.S., in the 12-month period from July 1, 2014 to June 30, 2015. And the latest model, Vantage 3.0, is designed to score more consumers and be more predictive than others. Credit Karma is continually working to improve our members’ experience, including bringing more transparency, completeness and efficiency when it comes to credit. Everything included in this redesign, as well as some exciting additions soon to come, will make Credit Karma more helpful than ever.

The VantageScore scoring model is a joint effort by the three major credit bureaus, designed to bring more consistency among credit scores. VantageScore Solutions reports that the majority of financial institutions, including eight of the top ten credit card issuers, six of the top ten auto lenders and all of five of the top mortgage lenders, use VantageScore to evaluate borrower creditworthiness.

Some Credit Karma members may see a change in their credit score due to this transition. There are hundreds of credit score models out there, and each one has a slightly different formula for analyzing the more than 200 different factors of your credit report. You never know what score a bank will use to evaluate your credit worthiness, however VantageScore 3.0 is a strong predictor for what the banks may see.

Thanks. Happy holidays.

Kenneth Lin
Credit Karma CEO and Founder

Learn more about how the VantageScore 3.0 scoring model calculates your score.

Disclaimer: All information posted to this site was accurate at the time of its initial publication. Efforts have been made to keep the content up to date and accurate. However, Credit Karma does not make any guarantees about the accuracy or completeness of the information provided. For complete details of any products mentioned, visit bank or issuer website.