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Scoring Changes on MSN homepage

Established Contributor

Re: Scoring Changes on MSN homepage


sjt wrote:

This is big. They are using trended data and deeper analysis. This could lead to more banks/lenders to use Vantage.


To misquote the old state motto, my father and grandparents were from Missouri; they've got to show me! But yeah, it'd be nice if it does happen that way, especially if it doesn't cause my Vantage scores to drop excessively. But I'm not holding my breath just yet.

Ch 7 BK discharged 12/14, well along in rebuilding credit. FICO 12/1/17:TU 663/EX 697/EQ 688 FICO 8 (Aug 2017) or 680 FICO 9 (Penfed Sep 2017), VS 3.0 12/1/17: TU 699/EX 687/EQ 693. $33.2K revolving credit as of 11/7/17; $951 Cap One secured Platinum MC, $2000 Apple FCU Platinum Visa, $3500 Amazon Prime Store Card, $3500 Walmart Store Card, $3500 Cap One Quicksilver MC, $4000 Care Credit, $4300 Overstock Store Card, $4500 Discover It, $7000 Penfed Power Cash Rewards Visa, $10k PenFed used car loan, $5k Navient student loan. In the garden again from 10/26/17 for at least the next 3 months unless I get a really really good preapproval.
Message 11 of 15
Moderator

Re: Scoring Changes on MSN homepage

The only bank I had heard that was using VS was Cap-1 and I have not heard that in awhile now. I tend to think all those scores are going to people with all the freebie places like CK and CS.

"If there's a lack of money in your life, understand that feeling worried, envious, jealous, disappointed, discouraged, doubtful or fearful about money can never bring more money to you, because those feelings come from a lack of gratitude for the money you have."

"Reactions are powerful creators because they contain every element needed to manifest—they're a combination of thought, belief, and feeling in action. Positive reactions create more positive things, and negative reactions create more negative things. If you can respond to negative situations calmly and lightly, instead of with emotional turbulence, what happens next in your life will be so much better."

- Rhonda Byrne
Message 12 of 15
Valued Contributor

Re: Scoring Changes on MSN homepage

Agreed Gdale6. I think the main use is the freeebie. Some rental companies use Vantage.  

Message 13 of 15
Moderator

Re: Scoring Changes on MSN homepage


sjt wrote:

This is big. They are using trended data and deeper analysis. This could lead to more banks/lenders to use Vantage.


 

I don't know, I suspect lenders see the trended data already, and if they have it, it's almost guarunteed some lenders are already using it.

 

May make a difference to smaller lenders, but a lot of those don't switch algorithms easily.

Starting Score: EQ 5 561, TU 98 567, EX 2 599 (12/30/11)
Current Score: EQ 5 771, TU 4 758, EX 2 758, EQ 8 795, TU 8 762, EX 8 786 (7/28/17)
Goal Score:    EQ 5 750, TU 4 750, EX 2 750, EQ 8 800, TU 8 Blah, EX 8 800 (01/01/18)


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Message 14 of 15
New Contributor

ABC reporting major credit score changes

If I didn't read this site I'd believe it. They are saying vantage 3 will pretty much take over later this year...

 

http://abc7chicago.com/finance/your-credit-score-could-change-this-year/1899512/

Message 15 of 15