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Established Contributor
ztnjpv
Posts: 726
Registered: ‎02-01-2012

Difference between Transrisk and Vantage?

Been a Credit Karma subscriber for a long time and have watched the ebbs and flows of my two scores compared to the myfico TU for some time now. 

 

 

Has anyone ever been able to infer or learn the difference in how factors influence the scores? Is there even an answer?

 

Sometimes, one will slighlty drop while the other goes up and vice versa. Eventually, they both follow the same upward/downward trend but they can vary along the way. Why would: ...one jump a lot and the other a little or not at all? ...they go in opposite directions temporarily? etc....

 

Does one tend to focus on favoring one apsect of credit reports over the other? Any clarity would be helpful. 


Starting Scores (Sept 2011): All lower-mid 600s. CURRENTLY: TU FICO: 801 (3/28/14), EQ FICO 808 (3/28/14), EX FICO 798 (9/4/13) (PSECU). Goal: Achieved! Now Maintain!
Valued Contributor
trumpet-205
Posts: 2,177
Registered: ‎11-11-2010

Re: Difference between Transrisk and Vantage?

Big difference. TransRisk is a score developed by TU that no lender I know of is using it.

 

VantageScore is jointly developed by EX, EQ, and TU as an alternative to FICO scoring model. It is modeled after FICO with greater emphasis on recent activity (benefits those with thin file). Chase is one of the lender that uses VantageScore.

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Established Contributor
ztnjpv
Posts: 726
Registered: ‎02-01-2012

Re: Difference between Transrisk and Vantage?

[ Edited ]

I know all that. I am talking about the scoring methods view the same credit report. 

 

Example: One favors longer credit history and puts less negativity on higher utiization while the other favors higher AAoA and more heavily penalizes new accounts in the short run. 

 

Again, hypothetical. But that's the kind of answer I was looking for.


Starting Scores (Sept 2011): All lower-mid 600s. CURRENTLY: TU FICO: 801 (3/28/14), EQ FICO 808 (3/28/14), EX FICO 798 (9/4/13) (PSECU). Goal: Achieved! Now Maintain!
Established Contributor
bettercreditguy1
Posts: 746
Registered: ‎02-11-2012

Re: Difference between Transrisk and Vantage?

Vantage also changes dramatically with cc balance increases. It favors very low utilizations. Also +1 to the fact it weighs heavily negative on multiple new acccounts in a short time.

Starting scores 01/02/2012 EQ 707(Fico) TU 733(Fico) EXP 735 (FAKO)
Updated scores 06/01/2014 EQ 797(Fico) TU 768(Fico) EXP 769 (Fico), EQ 849 (Next Gen 5/27/14 Penfed)


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New Member
Dingler
Posts: 12
Registered: ‎01-04-2013

Re: Difference between Transrisk and Vantage?

My Vantage Score was terrible  (an F) when I was nearly maxed out on my credit cards but when I got near a zero balance on all my cards it went to an A.  The F Score seemed unfair because I had a long history of paying my cards always on time and having used credit for 22 years and having a successful auto loan and mortgage on my recent record.  Getting an F Vantage Score seemed unfair for someone with such a long successful use of credit, they had too much emphasis on balances and utilization.

 

VANTAGE is junk in my opinion.

Established Contributor
ztnjpv
Posts: 726
Registered: ‎02-01-2012

Re: Difference between Transrisk and Vantage?

Dingler,

 

Yeah. I agree. I have noticed those huge swings in my vantage score with respect to ultilizations but not on my concurrent transrisk score. I would presume or roughly infer that the transrisk score's ebbs and flows more closely follow the true FICO movement of the same information.


Starting Scores (Sept 2011): All lower-mid 600s. CURRENTLY: TU FICO: 801 (3/28/14), EQ FICO 808 (3/28/14), EX FICO 798 (9/4/13) (PSECU). Goal: Achieved! Now Maintain!
New Contributor
cleansheet
Posts: 61
Registered: ‎12-20-2012

Re: Difference between Transrisk and Vantage?

Having recently read through Credit Karma's details on my score, I mentally noted the following points:

 

1) They count all hard pulls across the full 2 year history.  No mention if they age or if they group "rate shopping"  pulls.  FICO only uses 1 year and the pulls age.

2) The score increases with number of accounts (open and closed).  They mentioned mix of credit lines, but did not say how that influences their score.  The increase with number of accounts was much higher than I would expect with FICO.

 

There were probably other obvious differences, but these were the ones I mentally noted.



Starting Score: 2012-10-06 EX: SSN has not been allocated! (funny I pay my taxes)
Current Score: 2013-10 Average 718
Goal Score: 760+


Senior Contributor
Walt_K
Posts: 3,065
Registered: ‎11-02-2009

Re: Difference between Transrisk and Vantage?

[ Edited ]

ztnjpv wrote:

Dingler,

 

Yeah. I agree. I have noticed those huge swings in my vantage score with respect to ultilizations but not on my concurrent transrisk score. I would presume or roughly infer that the transrisk score's ebbs and flows more closely follow the true FICO movement of the same information.


I would not make this assumption.  If that's the case for you right now, it's peculiar to your report.  I can attest to wild swings in my Transrisk score where my FICO scores did not move.  I think there are many people that have the same experience.

 

I doubt that anyone can provide you much more granularity about how Transrisk and Vantage work.  I could be wrong, but there hasn't been nearly the same amount of discussion over them and you're going to get a lot of anecdote.  But, for what it's worth, I can say that in my experience, Vantage seems to give you a break after late payments age past 4 years.  My lates just recently aged past that mark, and my Vantage is now at 984.  Again, I don't really know why it shot up, but that's the most significant change I can think of.


Starting Score: ~500 (12/01/2008)
Current Score: EQ 681 (04/05/13); TU 98 728 (01/06/12), TU 08? 760 (provided by Barclay 1/2/14), TU 04 728 (lender pull 01/12/12); EX 742 (lender pull 01/12/12)
Goal Score: 720


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Moderator
Shogun
Posts: 12,902
Registered: ‎04-15-2011

Re: Difference between Transrisk and Vantage?

Unlike FICO they do not factor in AAoA of closed accounts.


Starting Score: 504

July 2013 score: EQ FICO 819, TU08 778, EX "806 lender pull 07/26/2013
Goal Score: All Scores 760+, Newest goal 800+

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