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Regular Contributor
Posts: 179
Registered: ‎10-29-2016
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Re: Do any leaders use Vantage Score 3.0?

[ Edited ]

Vantage stinks! all my Vantage scores or an average 50 points lower than my Fico scores. vantage doesn't forgive new accounts or Credit inquiries like Fico does. I hope Vantage never catches on it stinks! Most Major credit card companies use Fico not fako.

Frequent Contributor
Posts: 315
Registered: ‎09-15-2016
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Re: Do any leaders use Vantage Score 3.0?

My Vantage scores are 10-15 pts higher than my Fico 08's.

FICO08 7/7/17 EQ-767, TU-770, EX-761
Gardening unit sometime in 2018
Frequent Contributor
Posts: 393
Registered: ‎01-16-2017
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Re: Do any leaders use VantageScore 3.0?

My Fico 8 are around 610 Vantage 3 around 690. If Vantage 3 is more accurate model than eventually it will be used more.
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Senior Contributor
Posts: 3,729
Registered: ‎11-11-2015
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Re: Do any leaders use VantageScore 3.0?


masscredit wrote:

Capital One, Credit Karma and some others provide VantageScore 3.0 scores. Do any lenders actually use these for anything or are they totally for entertainment purposes?

 

 


"Educational Purposes".

AMEX BCP $9000- DCU Platinum $10000- Chase FU $11700- AMEX EDP $15000- NFCU CLOC $15000- Penfed Promise $25000- Cap1 Premier Dining $25000- NFCU Go Rewards $27100- Venture $27750 **As of 7/8/17** EX- 760(21) TU- 758(17) EQ- 752(13) UTI 5%- Clean Files-
New Visitor
Posts: 1
Registered: ‎07-23-2017
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Re: Do any leaders use VantageScore 3.0?

[ Edited ]

@matts175  


matts175 wrote:

I must be the odd one. My Fico 8 scores pretty much exactly match, within a point or 3, my Vantage scores every single month.



i realize this is from november 2016 but you are not alone matts175 -  my FICO 8 are fairly similar to VS 3  +/- 15ish.    but i don't have many accounts.   

 

something i found weird tho is,  i have a collection account that shows on TU but not on Equifax, another that shows on equifax but not TU.   and both show on experian.  seems suspect to me that it works out sort of evenly divided that way with TU and Equifax.

 

also i discovered that you need to carry a small balance on an account  (with FICO 8 anyway) paying my only open credit card off  (so $0 owed)  lowered my FICO 8 score by 15 points.. :/

 

it went like this:   7/1 i was notified my score went up 3 points after a month of no change.   on 7/2 i was notified that my score went down 15 points.   the only change was my cc reported my balance as $0.

Senior Contributor
Posts: 6,158
Registered: ‎04-11-2016
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Re: Do any leaders use VantageScore 3.0?


frogman1 wrote:
If Vantage 3 is more accurate model than eventually it will be used more.

What are you basing your statement of it possibly being a more accurate model on?

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