Reply
New Contributor
Posts: 60
Registered: ‎03-15-2007
0

VANTAGE SCORE

[ Edited ]
Today I found out Experian and TransUnion no longer offer access to FICO scores online.
 
When you purchase a score from either of them you only get their new "Vantage Score."  The problem is, almost NO CREDIT GRANTORS USE VANTAGE SCORES TO LEND MONEY.  So, my clients get the short stick because, in my opinion, a Vantage score is almost worthless to determine actual credit worthiness as lenders will see it.
 
Sure, knowing you have a Vantage score that is a 900 "Prime" or 905 "Prime Plus" is great fun - if your weird like that (.........okay I admit it).  But almost all creditors use FICO.  I personally found it a little deceptive of Experian to sell "credit scores," and after giving them money you find out the score you just purchased gives you almost no information (there is no scale to convert your Vantage to your FICO!).
 
So, I plan on sticking with Equifax or Myfico.com (but if Equifax starts playing those games I'll stop using them too).
 
Has anybody had a similar experience or know ANY credit grantors that use Vantage?
 


Message Edited by DionLawOffice on 01-24-2008 07:05 AM
New Member
Posts: 4
Registered: ‎03-17-2007
0

thanks for the info I just order my score from my fico today

thanks for the info I just order my score from my fico today
Moderator Emeritus
Posts: 16,373
Registered: ‎03-12-2007
0

Vantage Score Confusing

Just bought my vantage score today from Experian and was suprised.  My score was 829, a "B" grade credit rating.  My regular Experian score is 757, or as they put it, excellent credit.
 
It seems that Vantage scoring places more emphasis on length of credit history and less on outstanding credit card balances in relation to credit limits as compared to FICO scoring.
 
With my current credit file, I hope no lenders or cc companies ever use Vantage scoring!
Credit Profile -
FICO 08 Scores (11-08-2014): EQ 818, EX 817, TU 822
All three scores were 850. Lost points for not having an open installment TL. So, BE WARNED!!!!!
Credit History: 26+ years ~ AAoA: 12 years ~ Util: 1% ~ Inqs: EX 1

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 based on Experian or Equifax data (additional FICO® Score versions based on TransUnion data are not currently available on myFICO.com). 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.