Experian vs. Credit Karma: What’s the difference — and is one more accurate?

Experian vs. Credit Karma : What ’ s the difference — and is one more accurate ? image : Young woman and serviceman standing together on the street, reading on a call about Experian vs. Credit Karma Experian vs. Credit Karma : Which is more accurate for your credit scores ? You may be surprised to know that the simple answer is that both are accurate. Read on to find out what ’ randomness different between the two companies, how they get your accredit scores, and why you have more than one credit seduce to begin with. editorial note : Credit Karma receives compensation from third-party advertisers, but that doesn ’ triiodothyronine affect our editors ’ opinions. Our third-party advertisers don ’ metric ton review, approve or endorse our column content. It ’ sulfur accurate to the best of our cognition when posted.

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If you’re confused about which credit score to pay attention to, we don’t blame you. But rather than comparing Experian vs. Credit Karma for credit score accuracy, you may want to understand first why you have multiple credit scores — and how your scores affect your financial progress.

Experian vs. Credit Karma: What’s the difference?

Credit Karma and Experian gambling different roles when it comes to your credit .
Experian is one of the three major credit chest of drawers, along with Equifax and TransUnion. These companies compile information about your citation into reports that are used to generate your citation scores .
Credit Karma international relations and security network ’ t a credit agency, which means we don ’ metric ton determine your credit scores .
rather, we work with Equifax and TransUnion to provide you with your free credit rating reports and free credit scores, which are based on the VantageScore 3.0 citation seduce model. We besides offer recommendations for citation cards, personal loans, car loans and mortgages .

What is Experian Boost™?

If you ’ ve been regularly checking your Experian recognition seduce, you may have come across Experian Boost .
Experian Boost international relations and security network ’ t a model used to calculate a credit mark. quite, it ’ s an extend that goes beyond the traditional credit sexual conquest factors to incorporate your requital history from coarse bills for things like cell call military service, democratic streaming services and other utility bills .
Keep in mind that not everyone sees a credit score increase with Experian Boost, and a lender may use a different credit score that international relations and security network ’ thyroxine affected by Experian Boost when deciding whether to approve you for a loan .

How can you get your Experian credit scores?

If you ’ d still like to access your Experian recognition score, you can find it for barren in several places .
Experian ’ s rid CreditWorks℠ Basic service updates your credit score every 30 days. Experian besides operates freecreditscore.com, another invest where you get your free Experian FICO score once a month .
Some banks and credit card issuers, like Discover, besides offer complimentary Experian-based FICO® credit scores .
And if you ’ rhenium will to pay, Experian and FICO both offer premium services through which you can access your credit rating scores on a more regular basis. These services offer other benefits, besides, such as entree to your credit reports and credit- and identity-theft monitoring and support. But we believe powerfully that you should never have to pay to access your credit scores or credit reports.

Which credit report is most accurate?

The three major credit agency get their data from different sources. This means that your three credit reports from these bureaus may all be slenderly unlike. Consider monitoring each of these reports on an annual basis to help make certain the data is right .
If you ’ re using Credit Karma to check your credit scores and monitor your credit reports, keep in mind that we update your TransUnion accredit scores on a daily basis, so you can follow your advance closely .
But as we mentioned, the most important credit report is the one your lender reviews when you apply for a new credit batting order, loanword or mortgage. Because you may not know which report your lender might use, it ’ south more significant to focus on the general principles of building recognition than on memorizing what ’ mho in a particular report .

Why is my Experian credit score different from Credit Karma?

To recap, Credit Karma provides your Equifax and TransUnion recognition scores, which are different from your Experian credit seduce .
While the citation agency look at the same sort of things — your requital history, recognition use, length of credit history, credit mix and new credit — lenders sometimes entirely report your report information to one or two of the agency alternatively of all three .
thus if Experian has access to different information about your credit than Equifax or TransUnion, your scores from each of the chest of drawers might besides be different .
And even though the three major recognition agency may have the same data, each agency has proprietary algorithms that might score you differently .
But that doesn ’ metric ton mean one credit score is more or less accurate than the others .
alternatively of comparing your Experian credit scores to the scores you find on Credit Karma, we recommend you look at how each credit score changes over time. Is it going up or down ?

Is Experian better than Credit Karma?

credit rating Karma is different from Experian .
While Experian compiles your credit report and determines your recognition score, Credit Karma merely shows you credit scores and report information from Equifax and TransUnion .
think of it this way — Credit Karma is like a newspaper that writes about the credit scores other companies give you. But we have no influence over your scores .

Is my actual credit score higher than Credit Karma?

You can find your Equifax and TransUnion VantageScore 3.0 credit rating scores on Credit Karma .
You have many different credit scores, so some of your accredit scores might be higher than the TransUnion and Equifax scores you see on Credit Karma, while others might be lower .
But a long as you ’ re looking at the same version of the same score, the TransUnion and Equifax citation scores you see on Credit Karma should be the same as the Equifax and TransUnion credit scores you find on other websites.

What’s next?

Whether you ’ re checking your Experian recognition reports on a third-party web site or going to Credit Karma to check your Equifax and TransUnion credit reports, it ’ randomness important to regularly monitor your credit file for signs of identity larceny — and besides to get a general picture of your credit health. Credit Karma offers credit-monitoring alerts that avail you keep track of activeness on your Equifax and TransUnion credit reports .
If you ’ d like to learn more about different types of credit scores, you can check out our articles that explain the VantageScore 3.0 and the newer VantageScore 4.0 credit mark models. And if you ’ d like to learn about how to build credit over time, check out our Credit Karma Guide to Building Credit .
About the author: Tim Devaney is a personal finance writer and credit card expert at Credit Karma. He’s a longtime journalist who prides himself on being a good storyteller who can explain complex information in an easily digestible wa… Tim Devaney is a personal finance writer and credit circuit board expert at Credit Karma. He ’ s a longtime diarist who prides himself on being a good narrator who can explain building complex information in an well digestible wa… Read more.

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