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Perfect VantageScore, Low FICO Score

New Contributor

Perfect VantageScore, Low FICO Score

Hi All,

 

I'm confused by my credit scores. 

 

I have a perfect 990/990 VantageScore, my credit score, on the other hand, is only 773/850. Any idea on why this would happen? I have perfect credit, and don't know why my FICO would be so low. 

10 REPLIES
Valued Contributor

Re: Perfect VantageScore, Low FICO Score


anm688 wrote:

Hi All,

 

I'm confused by my credit scores. 

 

I have a perfect 990/990 VantageScore, my credit score, on the other hand, is only 773/850. Any idea on why this would happen? I have perfect credit, and don't know why my FICO would be so low. 


773 is not a low FICO score.  It's a very good FICO score.  VantageScore is a FAKO.  They use different criteria for scoring. 

EX = 849 EQ = 850 TU = 850 as of 07/2017
Retired and Retiring Cards!
Frequent Contributor

Re: Perfect VantageScore, Low FICO Score


thom02099 wrote:

anm688 wrote:

Hi All,

 

I'm confused by my credit scores. 

 

I have a perfect 990/990 VantageScore, my credit score, on the other hand, is only 773/850. Any idea on why this would happen? I have perfect credit, and don't know why my FICO would be so low. 


773 is not a low FICO score.  It's a very good FICO score.  VantageScore is a FAKO.  They use different criteria for scoring. 


I wouldn't go as far to say Vantage is FAKO. Last I checked, it is still used by a few % of lenders out there as opposed to plain FAKOs which are for educational purposes only and no lenders actually use.

 

OP, where did you get your Vantage score anyways? Credit Karma?

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Frequent Contributor

Re: Perfect VantageScore, Low FICO Score

I don't take the Vantage seriously. My Vantage is 950/990, but TU98 scores me at 770/850. These scores will all be way off from each other. Just the way it works.

Myfico scores.....
EX... 805 (11-10-13)
EQ... 810 (12-02-13)
TU... 810 (12-02-13)
New Contributor

Re: Perfect VantageScore, Low FICO Score

@kkapdolee: I did get the VantageScore from CreditKarma.

I realize 773 isn't completely low but I hear you need an at least 800 to get the best rates.
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Moderator Emerita

Re: Perfect VantageScore, Low FICO Score

A FICO of +760 will give you the best rates. Scores in the 720 range are considered excellent by some lenders. Ymmv
Valued Contributor

Re: Perfect VantageScore, Low FICO Score


09Lexie wrote:
A FICO of +760 will give you the best rates. Scores in the 720 range are considered excellent by some lenders. Ymmv

+1.  760 and above is prime for the best rates.  Only a very few lenders offer something better for 800+.  My credit union, for example, uses the 760 score factor for the best rates, with the exception of personal non-secured signature loans, where they do offer a very slightly better rate (~ .5% better).

 

Regarding VantageScore = FAKO.  VantageScore is to reliable scores as Innovis is to Credit Reporting Agency.  It's out there.  It's not widely used, and not taken seriously. 

 

One could also perhaps say the same for TU98 from here.  Yes, it's a FICO.  No, it's not widely used.  One should not take it seriously, IMO. Use it as a gauge for progress up/down, not for making a determination of credit worthiness.   

EX = 849 EQ = 850 TU = 850 as of 07/2017
Retired and Retiring Cards!
Epic Contributor

Re: Perfect VantageScore, Low FICO Score


thom02099 wrote:

09Lexie wrote:
A FICO of +760 will give you the best rates. Scores in the 720 range are considered excellent by some lenders. Ymmv

+1.  760 and above is prime for the best rates.  Only a very few lenders offer something better for 800+.  My credit union, for example, uses the 760 score factor for the best rates, with the exception of personal non-secured signature loans, where they do offer a very slightly better rate (~ .5% better).

 

Regarding VantageScore = FAKO.  VantageScore is to reliable scores as Innovis is to Credit Reporting Agency.  It's out there.  It's not widely used, and not taken seriously. 

 

One could also perhaps say the same for TU98 from here.  Yes, it's a FICO.  No, it's not widely used.  One should not take it seriously, IMO. Use it as a gauge for progress up/down, not for making a determination of credit worthiness.   


Some big lenders still use this score.  Telling others not to take it seriously could cause issues.

 

 

Frequent Contributor

Re: Perfect VantageScore, Low FICO Score


thom02099 wrote:

09Lexie wrote:
A FICO of +760 will give you the best rates. Scores in the 720 range are considered excellent by some lenders. Ymmv

+1.  760 and above is prime for the best rates.  Only a very few lenders offer something better for 800+.  My credit union, for example, uses the 760 score factor for the best rates, with the exception of personal non-secured signature loans, where they do offer a very slightly better rate (~ .5% better).

 

Regarding VantageScore = FAKO.  VantageScore is to reliable scores as Innovis is to Credit Reporting Agency.  It's out there.  It's not widely used, and not taken seriously. 

 

One could also perhaps say the same for TU98 from here.  Yes, it's a FICO.  No, it's not widely used.  One should not take it seriously, IMO. Use it as a gauge for progress up/down, not for making a determination of credit worthiness.   


I guess we have different interpretations on what FAKO means. When I hear FAKO, I see them as generic scores that try to pass up as FICO scores. Therefore, every FAKO I see ranges from 300-850. Vantage score is different (range from 501-990). It was created by the three CRAs to become independent of Fair Isaac. They tried to make their product a direct competition which didn't work out so well but they will never try to pass up as a FICO score and fool consumers.

 

I don't know who uses Vantage. I just heard that it is still used somewhere and I don't take Vantage score seriously at all nor do I even seek out what my score is. However, that doesn't make Vantage a FAKO.

[10%+] Internet, Cable, Cell phone
[5%] Gas, Grocery, Amazon, Airline tickets, Drug Stores, Dept. Stores, Target, MyHabit
[3%] Restaurants
[2%] Everything Else
Valued Contributor

Re: Perfect VantageScore, Low FICO Score


kkapdolee wrote:

thom02099 wrote:

09Lexie wrote:
A FICO of +760 will give you the best rates. Scores in the 720 range are considered excellent by some lenders. Ymmv

+1.  760 and above is prime for the best rates.  Only a very few lenders offer something better for 800+.  My credit union, for example, uses the 760 score factor for the best rates, with the exception of personal non-secured signature loans, where they do offer a very slightly better rate (~ .5% better).

 

Regarding VantageScore = FAKO.  VantageScore is to reliable scores as Innovis is to Credit Reporting Agency.  It's out there.  It's not widely used, and not taken seriously. 

 

One could also perhaps say the same for TU98 from here.  Yes, it's a FICO.  No, it's not widely used.  One should not take it seriously, IMO. Use it as a gauge for progress up/down, not for making a determination of credit worthiness.   


I guess we have different interpretations on what FAKO means. When I hear FAKO, I see them as generic scores that try to pass up as FICO scores. Therefore, every FAKO I see ranges from 300-850. Vantage score is different (range from 501-990). It was created by the three CRAs to become independent of Fair Isaac. They tried to make their product a direct competition which didn't work out so well but they will never try to pass up as a FICO score and fool consumers.

 

I don't know who uses Vantage. I just heard that it is still used somewhere and I don't take Vantage score seriously at all nor do I even seek out what my score is. However, that doesn't make Vantage a FAKO.


For my interpretation, if it ain't a FICO, it's a FAKO.  A pretender to the throne.

 

Is VantageScore used?  Yes, presumably or it wouldn't be out there.  Is it used a lot?  Not so much.  I have a LOT of credit history.  In all that time, I've not seen a single lender quote a VantageScore as the reason for an approval or denial.  Doesn't mean it doesn't happen, just means that, in my over 40 years of credit history, it's never been a factor.  As with anything credit-wise, YMMV. 

 

The OP was saying s/he has a perfect VantageScore and a not so perfect FICO score, but certainly well above the norm, and seemed to be concerned/upset/whatever with the lower score.  Both scores are outstanding and the OP should be proud of both scores.  And really, the only time these pesky scores matter is when we are applying for credit.  On a day-to-day basis, not so much. 

EX = 849 EQ = 850 TU = 850 as of 07/2017
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