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Dresec
Posts: 2
Registered: ‎06-14-2013
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Big difference between my Vantage score and my Fico

So I'm just wondering how I can have a 724 TU, 698 EQ and 714 EX but my Vantage is 680. How is that possible? I have no bads except for a couple late payments 3 years ago on my student loans. I have two CC. A BofA for $7k that I just got and an older CapOne that just recently got upped to $1250. I've been workign really hard to get my credit score up and finally did, but still not sure why my VAntageis so low compared to my Fico.

 

Any thoughts would be appreciated.

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Senior Contributor
myjourney
Posts: 26,620
Registered: ‎02-07-2013
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Re: Big difference between my Vantage score and my Fico

Welcome to the forum 

Vantage scores are FAKO scores 

Score from here or lenders are Fico scores

"Intelligence plus character--that is the goal of true education"
Last 5 apps 6/6/13


Moderator Emeritus
llecs
Posts: 32,881
Registered: ‎08-04-2007
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Re: Big difference between my Vantage score and my Fico

Score ranges are different too (501-990 vs. 300-850). And both factor in stuff the other does not.

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Dresec
Posts: 2
Registered: ‎06-14-2013
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Re: Big difference between my Vantage score and my Fico

But I got this Vantage score directly through Transunion. I'm actually paying them for this monitoring service. How can that be FACO?

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Senior Contributor
myjourney
Posts: 26,620
Registered: ‎02-07-2013
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Re: Big difference between my Vantage score and my Fico


Dresec wrote:

But I got this Vantage score directly through Transunion. I'm actually paying them for this monitoring service. How can that be FACO?


Sorry to say don't waste your money what they sell you is not what they furnish to lenders 

 

"Intelligence plus character--that is the goal of true education"
Last 5 apps 6/6/13


Valued Contributor
thom02099
Posts: 1,326
Registered: ‎08-30-2011
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Re: Big difference between my Vantage score and my Fico


Dresec wrote:

But I got this Vantage score directly through Transunion. I'm actually paying them for this monitoring service. How can that be FACO?


If you read the fine print at the various sites, such as Transunion, you will see a notation/explanation about the scores being for educational purposes.  And for those purposes, I suppose they live up to that premise.  Even though TU is a credit reporting agency, the score they provide to consumers is NOT the same that lenders see, and therefore, are for educational purposes only.  They serve a purpose for monitoring TRENDS in scores...if they go up, something positive happened; if they go down, something negative.  You can then look at the report to see exactly what influenced any change. 

 

The reality is, the only time to really be concerned about one's scores is when one is applying for credit.  Scores are going to fluctuate.  That's a given, since they are simply a snapshot of one's credit at a particular moment in time. 

AMEX Gold NPSL / AMEX Zync NPSL / AMEX Blue Cash Preferred $14K / Bank of America Cash Rewards Signature Visa $15K / Merrill Lynch Plus Signature Visa $15K / Wells Fargo Propel 365 $15K / Chase Sapphire Preferred Signature Visa $10K / J P Morgan Select Signature Visa $10K / Chase Slate Visa $6K / CITI Diamond Preferred MasterCard $13.2K / Discover IT $10.5K / IberiaBank Select Visa $8K / 1st Command Bank Platinum Visa $7.5K // Home Depot $9.7K / Lowes $10K

EX = 768 EQ = 828 TU = 834 - June/2014

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