Credit Card Center Advertiser Disclosure

Reply
Established Contributor
Posts: 1,119
Registered: ‎02-07-2017
0 Kudos

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.

Rebuilding credit since 12/14 Ch7 BK discharge. FICO 8/18/17:TU 649/EX 684/EQ 688 FICO 8 or 693 NG 2, VS 3.0 8/18/17: TU 704/EX 684/EQ 700. $800 Amazon Prime Store Card, $951 Cap One secured Platinum MC, $1200 Walmart Store Card, $2000 Apple FCU Platinum Visa, $3000 Penfed Power Cash Rewards Visa, $3000 Cap One Quicksilver MC, $3300 Discover It, $4000 Overstock Store Card, $10k PenFed used car loan, $5k Navient student loan. In the garden as of 7/2/17 AND THIS TIME I REALLY MEAN IT!!! (unless I get a preapproval I can't refuse...)
Moderator
Posts: 30,678
Registered: ‎12-13-2013
0 Kudos

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
Established Contributor
Posts: 780
Registered: ‎01-15-2017
0 Kudos

Re: Scoring Changes on MSN homepage

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

Moderator
Posts: 17,442
Registered: ‎12-30-2011
0 Kudos

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)


Take the myFICO Fitness Challenge
New Contributor
Posts: 67
Registered: ‎02-02-2017
0 Kudos

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/

Forums posts are not provided or commissioned by FICO. Forums posts have not been reviewed, approved or otherwise endorsed by FICO. It is not FICO's responsibility to ensure all posts and/or questions are answered.

† Advertiser Disclosure: The listings that appear on myFICO are from companies from which myFICO receives compensation, which may impact how and where products appear on myFICO (including, for example, the order in which they appear). myFICO does not review or include all companies or all available products.
‡ Credit cards for FICO Score ranges: The score ranges are guidelines based on internal myFICO analysis of actual applicant approvals, and having a FICO Score in a particular range does not guarantee you will be approved for credit cards recommended in that range. These ranges were not provided by any card issuer.

* For complete information, see the terms and conditions on the credit card issuer’s website. Once you click apply for this card, you will be directed to the issuer’s website where you may review the terms and conditions of the card before applying. While myFICO always strives to present the most accurate information, we show a summary to help you choose a product, not the full legal terms - and before applying you should understand the full terms of products as stated by the issuer itself.

Copyright ©2001-2015 Fair Isaac Corporation. All rights reserved.   | Terms of Use | Privacy Policy | Sitemap

IMPORTANT INFORMATION: All FICO® Score products made available on myFICO.com include a FICO® Score 8, along with additional FICO® Score versions. Your lender or insurer may use a different FICO® Score than the versions you receive from myFICO, or another type of credit score altogether. Learn more

FICO, myFICO, Score Watch, The score lenders use, and The Score That Matters are trademarks or registered trademarks of Fair Isaac Corporation. Equifax Credit Report is a trademark of Equifax, Inc. and its affiliated companies. Many factors affect your FICO Score and the interest rates you may receive. Fair Isaac is not a credit repair organization as defined under federal or state law, including the Credit Repair Organizations Act. Fair Isaac does not provide "credit repair" services or advice or assistance regarding "rebuilding" or "improving" your credit record, credit history or credit rating. FTC's website on credit.