Chase pulled a wierd score

[Revelate]

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@MarineVietVet wrote:

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@pizzadude wrote:

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@trumpet-205 wrote:

That is a VantageScore.

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Very possible, Chase is one of the only lender that uses this score, they pull it for some of their CCs.

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Ditto. Chase does use the VS for some credit decisions.

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*laugh* so CreditKarma scores actually have some value, never would've thunk it.

I suppose that's a bonus in my case, my VS is the only one reliably going up month after month in CK's tracking history.

[pepper23]

they use a fico for me too

[MarineVietVet]

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@Revelate wrote:

 

*laugh* so CreditKarma scores actually have some value, never would've thunk it.

I suppose that's a bonus in my case, my VS is the only one reliably going up month after month in CK's tracking history.

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I was rather shocked myself when I learned that the VS is not 100% FAKO as most "scores" put there. But the VS still cannot be compared or correlated to a FICO score in any form or fashion.

The VS uses different scoring formulas and criteria than FICO so you just can't rely on both of them moving the same direction in reaction to a change in your credit profile.

[pizzadude]

Yeah and I don't think they use the Vantage Score consistantly, some people report being given a FICO, so it's unclear when they use it....

[sqrt]

They use Vantage score for me as well. (They pulled both EQ and EX).

Did they pull EQ for you?

[Anonymous]

not sure if it did, but it gives me eq's contact info and website on the score sheet

[clocktick]

During a Chase recon the other day, I asked the rep if she could tell me my score but she said they don't use the score as a deciding factor for their credit cards.  She said they use what's on the credit report only.

So, who knows?!

[Chris123nTx]

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@MarineVietVet wrote:

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@Revelate wrote:

 

*laugh* so CreditKarma scores actually have some value, never would've thunk it.

I suppose that's a bonus in my case, my VS is the only one reliably going up month after month in CK's tracking history.

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I was rather shocked myself when I learned that the VS is not 100% FAKO as most "scores" put there. But the VS still cannot be compared or correlated to a FICO score in any form or fashion.

The VS uses different scoring formulas and criteria than FICO so you just can't rely on both of them moving the same direction in reaction to a change in your credit profile.

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From what i understand they put more emphasis on current data rather than older history. I keep about $1000 a month reporting, (1-2%), but this last week it was only $880. That change going under $1000 gave me a 56 point increase in my TU Vantage score from credit karma. That also gave me an excellant rating, something i have had with fico for some time, but never had until now with vantage. Who knows, what is up with all the different scores, but fico is most used, and besides internal scoring, vantage seems to have some spoadic use, so it is useful to keep track of it. As always, just my opinions.

[Revelate]

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@Anonymous wrote:

not sure if it did, but it gives me eq's contact info and website on the score sheet

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Vantage scores are still provided by the three CRA's; however, it's their own design rather than a FICO score... basically a competing product to Fair Issac's models.

[Open123]

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@Chris123nTx wrote:From what i understand they put more emphasis on current data rather than older history. 

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This is my understanding with Amex as well.

Ultimately, I think those issuers who focus more on future behavior will be more successful at properly rating risk than those who focus primarily on past behavior.  I've always felt risk models based on the "rear view mirror" approach had very little value relative to the dynamic ones that predict future behavior.