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Regular Contributor
krisosa
Posts: 171
Registered: ‎03-11-2009

Which CCC uses "Vantage Only Score"

Does anyone know which CCC uses Experian Vantage Only - Other than Kohls?

 

Thanks

Equifax 657
Experian 711 (Per Lender)
Super Contributor
DI
Posts: 5,767
Registered: ‎01-28-2008

Re: Which CCC uses "Vantage Only Score"

American Express. They certainly don't use FICO.
Established Contributor
cobaltnv
Posts: 640
Registered: ‎09-02-2008

Re: Which CCC uses "Vantage Only Score"


DI wrote:
American Express. They certainly don't use FICO.
This surprises me. Was there something posted on this? I guess I am asking if you have any evidence for this statement?

 

TU 810: EQ 813: EX 814 (9/16/09--Loan officer pull)

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Established Contributor
YoungEntrepeneur
Posts: 586
Registered: ‎03-03-2009

Re: Which CCC uses "Vantage Only Score"

Lenders don't use FAKO's with Vantage Score being one of them. Either they look at your FICO scores or they have their own computer generated scoring system.
Super Contributor
DI
Posts: 5,767
Registered: ‎01-28-2008

Re: Which CCC uses "Vantage Only Score"

[ Edited ]

cobaltnv wrote:

DI wrote:
American Express. They certainly don't use FICO.
This surprises me. Was there something posted on this? I guess I am asking if you have any evidence for this statement?

 


I recentlyapplied and recieve an AMEX card.  I was initially denied, and told the CSR I have high fico scores.  She said AMEX doesn't use FICO score.  They use Risk scores.  The Risk score is from Experian.  The report they pull more than often and for any type of product is from Experian.

Message Edited by DI on 08-26-2009 02:07 PM
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haulingthescoreup
Posts: 28,115
Registered: ‎04-01-2007

Re: Which CCC uses "Vantage Only Score"

"Risk score" is a generic term. FICO scores are risk scores, Vantage scores are risk scores, CCC internally-generated scores are risk scores. It just means that the score attempts to measure the risk of borrower default.

AmEx has its own system going, which I believe is home-grown. With all the money and research they have, I'd say that they don't want to pay anyone for scores if they're happy with their own version.

But anyway, OP, Kohl's is the only one I've heard of.
* Credit is a wonderful servant, but a terrible master. * Who's the boss --you or your credit?
FICO's: EQ 781 - TU 793 - EX 779 (from PSECU) - Done credit hunting; having fun with credit gardening. - EQ 590 on 5/14/2007
Regular Contributor
krisosa
Posts: 171
Registered: ‎03-11-2009

Re: Which CCC uses "Vantage Only Score"

Haul,

 

Thanks again !!

kris

Equifax 657
Experian 711 (Per Lender)
Valued Contributor
wmarat
Posts: 1,754
Registered: ‎11-03-2007

Re: Which CCC uses "Vantage Only Score"

[ Edited ]

Amex uses its own scoring model.

 

 

Kohl uses Vantage

Message Edited by wmarat on 08-27-2009 03:24 AM
IN VINO VERITAS.
Established Contributor
Posts: 739
Registered: ‎06-30-2007

Re: Which CCC uses "Vantage Only Score"

I heard the market for Vantage is pre-approvels
People say "Only apply for credit you NEED"

I say "apply for credit you have PRATICAL use of"

I don't have AMEX card because I don't want a card that suffers from PMS
Moderator Emeritus
fused
Posts: 16,187
Registered: ‎03-12-2007

Re: Which CCC uses "Vantage Only Score"


wmarat wrote:

 

Amex uses its own scoring model.

 


Correct!


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