Why Credit Karma Doesn’t Give Members Their FICO Score

Why do free credit score companies give a FAKO score
One of the things which stands out when looking at websites like Credit Karma, Credit Sesame, and Quizzle is they don’t give their customers their FICO score. Instead, they give a FAKO score (sometimes referred to as an educational score), which is an approximation of a FICO score. The question is, why don’t these free credit score sites give their users their FICO score? Below are some of those reasons:

Cost

One of the biggest reasons the no-cost credit scores offer a FAKO score is cost. Credit Karma and the other free credit score sites get charged by the credit agencies (either Experian, Equifax or TransUnion, depending on which one they use) to access scores for their users.

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One Response to Why Credit Karma Doesn’t Give Members Their FICO Score

  1. dan says:

    I don’t think the type of score matters unless you are going to be taking out a loan. Then you want to know your FICO score, not a general FAKO score. If you’re just trying to improve your credit score, either works fine and should give you an indication of how you’re doing month to month.

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