Credit Karma shows you VantageScore 3.0 credit scores calculated by TransUnion and Equifax.
In 2006 Equifax, Experian and TransUnion collaborated to create VantageScore® to offer more scoring consistency among the bureaus. VantageScore went through several versions before VantageScore 3.0 debuted in 2013. The fourth and latest version of the VantageScore model, VantageScore 4.0, debuted in 2017, but some lenders continue to rely on VantageScore 3.0.
VantageScore 3.0 is just one of many credit scoring models. Most scoring models use similar information from your credit report to calculate the score, but they may weigh each factor differently which may result in different scores.
Most scoring models consider similar factors to calculate your score, such as:
- Your payment history
- How long you’ve had credit
- The types of credit you have (credit cards, auto loans, student loans, mortgages, etc.)
- Percentage of credit limit used
- How much debt you have
- Hard inquiries on your credit report
Read more about what makes the VantageScore 3.0 different from other scoring models here.