People are often surprised to learn that they can have many different credit scores, potentially hundreds in fact.
Credit Karma features VantageScore 3.0 credit scores provided independently by TransUnion and Equifax. But your bank may use a different scoring model altogether.
Many different factors could be taken into account when calculating a score, and each model may weigh credit factors differently. For example, a mortgage lender may look at a different score than an auto lender because they each place importance on different factors.
Though your scores may vary, they’re all based on information in your credit reports. So focusing on what’s in your reports could help you build your credit overall.
If you do compare scores from the same model, make sure they’re from the same date since credit scores could change at any time.
For more on this topic, check out our article about understanding credit score differences.