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03-17-2017 12:02 PM - edited 03-17-2017 12:04 PM
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.
03-20-2017 10:29 AM
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?
07-23-2017 09:02 PM - edited 07-23-2017 09:10 PM
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.
07-23-2017 09:14 PM
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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