Vantage Score

[Anonymous]

Is this my true fico score or another fako?

[Anonymous]

it's not even a fako it's  whole diffrent animal, it score I remember it starts at 501 goes to something

like 951

I read it was created by big 3 CRA to get away from buying FICO's cut out the middle man

Message Edited by rbbyrbsn on 07-17-2007 06:03 PM

[fused]

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myhearts07 wrote:

Is this my true fico score or another fako?

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Here's more info. Also, your score can be purchased at EXs website for $5.95.

http://www.vantagescore.experian.com/

[jru577]

The Vantage score is completely different. Supposedly it's "easier" for us consumers to understand, but it's really useless. No lenders, banks or CCCs even use this score so I say it's not worth it.

[Anonymous]

I did purchase the vantage score from Experian, twice.  Why are these companies allowed to offer us these scores if they are not going to be accurate or even help us?

[fused]

http://www.equifax.com/corp/pressroom/pressreleases/2007/2007_6_8a.shtml

[fused]

Evidently there are a handful of lenders who use vantage but I don't know of one.

[Anonymous]

http://www.vantagescore.experian.com/factors.html

it appears  that Util and balances owed is 6% more important to Vantage then payment history

"Well he's not paying, but his Util and balances are good" lol

Although breaking up Util and Balances does make it clearer that it better to spread out debt than having it in all one place, but the sum of the two shouldn't be more than payment history, after all that is the one "factor" that affects the bottomline

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rbbyrbsn wrote:

http://www.vantagescore.experian.com/factors.html

it appears  that Util and balances owed is 6% more important to Vantage then payment history

"Well he's not paying, but his Util and balances are good" lol

Although breaking up Util and Balances does make it clearer that it better to spread out debt than having it in all one place, but the sum of the two shouldn't be more than payment history, after all that is the one "factor" that affects the bottomline

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I'm not sure what you are saying!

FICO%'s

-35% affects Payment History, -30% affects Utilization

Vantage%'s

-32% affects Payment History, -23% affects Utilization

The wildcard is Vantages Scoring's -15% for balances, what balances? I cannot believe it's installment TLs.

[Anonymous]

23+ 15=38%  payment history is only 32%

 I think that vantage broke up util and balances so that had 2K debt among two accounts would have a higher score than a person with 2K debt on a single account