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Re:Our entire credit bureau system is broken by bdonlan on Sunday September 10, 2017 @10:49PM (#15215551)
This is actually how it works. The lender gets to pick the scoring model they want to used based on the raw data provided by the credit bureaus. The credit scores you see on e.g. creditkarma are just one of the many models in use; they're all pretty similar in practice, but vary by a few points depending on what they emphasize.
Re:Our entire credit bureau system is broken by colejohnson66 on Sunday September 10, 2017 @11:07PM (#15215611)
Is that why when I was applying for financing while leasing a car, my score was a bit lower than what Credit Karma was showing me?
Re:Our entire credit bureau system is broken by astura on Monday September 11, 2017 @09:03AM (#15218158)
Yes, different algorithms. Credit Karma shows you VantageScore 3 and car lenders usually use FICO 8.
Re:Our entire credit bureau system is broken by selectodude on Sunday September 10, 2017 @11:39PM (#15215728)
Credit Karma is always about 20-40 points higher than your real score, in my experience.