The Biggest Mistake on Credit Karma
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Checking your credit is essential to making sure your finances are healthy, but some people make a huge mistake when they go on sites like Credit Karma.
Most of these free sites use the VantageScore 3.0 scoring model which often gives inflated scores that do not always accurately reflect the creditworthiness of their users. The scores given by Credit Karma and the VantageScore 3.0 scoring model are real credit scores, but they are not the most accurate scores.
In my opinion, I think sites like Credit Karma use the VantageScore 3.0 model because people are more likely to use and recommend Credit Karma if they feel good about their score. This is not always good for consumers because it can lead to overconfident applications for loans, credit cards, and more.
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