Credit Karma uses two credit bureaus – TransUnion and Equifax – to supply its credit data. And it provides VantageScore 3.0 credit scores based on credit reports from those bureaus. Unfortunately, Credit Karma updates its reports and scores just once a week, and only if you log into your account.
WalletHub, on the other hand, offers free daily updates to your TransUnion credit report and VantageScore 3.0 credit score. And you don’t have to sign in for it to happen. You can read more about WalletHub’s advantages over other popular options, but there’s a bigger point here.
Yes, there can be minor differences between your TransUnion, Equifax and Experian credit reports. And credit scores based on each report can vary as a result. But the differences aren’t big enough to warrant going out of your way to get access to all three bureaus’ credit reports and scores.
You can already get a free annual credit report from each major bureau, for one thing. Plus, even with different credit reports and scores in play, an individual will be placed in the same creditworthiness category (i.e., good, excellent, fair or bad) over 70% of the time, according to the Consumer Financial Protection Bureau.
Finally, it can be impossible to tell which credit bureau(s) a lender will pull from, not to mention what type of credit score it will use.