Reply
Regular Contributor
KeithW
Posts: 200
Registered: ‎02-22-2012
0

Vantage Score 70 pt drop!

In the past month my Vantage score on Credit Karma has dropped by a whopping 70 points! My actual FICO score during that time though has gone UP by 9 points.

 

Do you think Vantage changed some part of their formula? This seems like to drastic of a drop to be anything else. The only real change on my report is that one of my unused cards had a balance increase.

Current Score: FICO EQ637-TU690-EX704
Wallet: Cap One Rew. $3500, Cap One Plat. $2000, Barclay $3000, Old Navy Visa $2500, HSBC $1500, Credit One $1800, BoA $3000, Chase Freedom $1500, Wal-Mart Discover $2000, Amazon $3100, Lowes $2000, Kay's $7000
New Contributor
roastbeans
Posts: 56
Registered: ‎05-28-2013
0

Re: Vantage Score 70 pt drop!

why would you be concerned about the credit karma and their vantage score? its a fako score generated by their own system.its doo dooooo,I do believe tho their score is somewhat close to TU.

Regular Contributor
KeithW
Posts: 200
Registered: ‎02-22-2012
0

Re: Vantage Score 70 pt drop!

I  am not so much worried about it as very shocked. I couldn't believe that it would change that much overnight without some change in their formulations. Made me think that maybe they had done something to make it more closely resembe a true FICO score.

Current Score: FICO EQ637-TU690-EX704
Wallet: Cap One Rew. $3500, Cap One Plat. $2000, Barclay $3000, Old Navy Visa $2500, HSBC $1500, Credit One $1800, BoA $3000, Chase Freedom $1500, Wal-Mart Discover $2000, Amazon $3100, Lowes $2000, Kay's $7000
New Contributor
roastbeans
Posts: 56
Registered: ‎05-28-2013
0

Re: Vantage Score 70 pt drop!

They do seem to make a big fuss out of any little change in your credit report.I  had one inquiry from barclay(to TU) a week ago and they dropped 20 points off my score there.Ridiculous formulation, if they indeed changed it.

Valued Contributor
lg8302ch
Posts: 2,659
Registered: ‎11-13-2012
0

Re: Vantage Score 70 pt drop!


roastbeans wrote:

They do seem to make a big fuss out of any little change in your credit report.I  had one inquiry from barclay(to TU) a week ago and they dropped 20 points off my score there.Ridiculous formulation, if they indeed changed it.


same here but CK  scores are just for fun ... their scores do the oposite of Fico :smileyhappy: at least in my case. but I like the free access of the report..rest is really just a joke. the best example is their card approval odds.. within the same day it can be "fair" and "very good" for the same card and this without any changes on the report... 

FICO® EQ 784 (as of today) - TU 771 (07/25) * Fako EX 799 (07/02 - CS) * last app 06/01/14 * INQ last 2 yrs TU: 5, EX: 7, EQ: 7


Move the mouse over the cards for detailed view!..................................................................* Bronze Spade Garden Club member *

myFICO is the consumer division of FICO. Since its introduction 20 years ago, the FICO® Score has become a global standard for measuring credit risk in the banking, mortgage, credit card, auto and retail industries. 90 of the top 100 largest U.S. financial institutions use the FICO Score to make consumer credit decisions.

>> About myFICO
FICO Score - The Score that matters
Click to Verify - This site chose VeriSign SSL for secure e-commerce and confidential communications.
Fair Isaac Corporation is a BBB Accredited Financial Service in San Rafael, CA
FOLLOW US Social Media Facebook Twitter Pinterest Google+