Credit reports

[00tec]

I use the "Credit Wise" that I have with my Cap1 card. Has a little simulator that can show what potential impact certain actions have, such as closing a card, paying down, or increasing debt.

The credit limit increase stuff is spot on. When I totalled my car and paid it off, before financing the new(ish) car, I requested limits on my cards. My score jumped significantly.

Reminded me, just requested increase on my Home Depot card that has a zero balance, for giggles.

[Bailey Guns]

It's also amazing the range in scores you can get, on the same day, from the 3 big bureaus.

[Bailey Guns]

I've used Credit Karma for a while now. One thing to note, Credit Karma doesn't use the FICO model which is far and away the most popular credit scoring model and the one most lenders (over 90%) use. Credit Karma uses VantageScore 3.0. I use it mostly as a monitoring service. Credit Karma is actually really quick about notifying you of new accounts opened in your name or when you have a hard inquiry...often in the same day. It's a pretty handy tool. Most credit cards offer the same service now.

[00tec]

I don't use credit karma because if you aren't paying for a service, you are the product, not the customer. They use your information to tailor ads to you.

[hurley842002]

They use your information to tailor ads to you.

I'm married, if I can ignore my wife, I can ignore a few ads..

[00tec]

I'm married, if I can ignore my wife, I can ignore a few ads..

Hahaha... good point.

[KevDen2005]

I'm married, if I can ignore my wife, I can ignore a few ads..

Geez, I just spit out my drink!

[KevDen2005]

I don't use credit karma because if you aren't paying for a service, you are the product, not the customer. They use your information to tailor ads to you.

Is Credit Wise a product you pay for?

[00tec]

Is Credit Wise a product you pay for?

Kinda, since I am using their card (Cap One), it is included. I do not get ads. (Well, any more ads than I got from Cap One prior to using the service. I still get junk mail "refi your car" type stuff.)

It uses the same scoring system that Credit Karma uses, the vantage score thingy. According to the simulator, I should get 16ish points from the $2k increase on my Home Depot card I requested earlier.

[CS1983]

I don't use credit karma because if you aren't paying for a service, you are the product, not the customer. They use your information to tailor ads to you.

It’s not been bad. I log in. I get updates. They say I could practically shoot off my own nuts with materialistic glee if I just get these credit card offers. I decide that’s dumb and log out after checking score.