topic Re: Experian VantageScore? in General Credit Topics

Experian VantageScore?

jdirilo — Fri, 28 Sep 2012 15:40:05 GMT

What exactly is it? I'm understanding that an EX fico is nonexistent for us to check on our own? I ask because I disputed a few things on my EX cr and it has been updated, and 2 new cc's have been added since, and a new car loan will be added soon. I want to see the difference. When the CU ran my EX, it was 566. I tried using the credit simulator on CK but its not working(and I know its not accurate anyway, but just wanted an idea). I am curious to see how the new credit will help or hurt me. Thanks!

Re: Experian VantageScore?

Shogun — Fri, 28 Sep 2012 15:52:43 GMT

CK is TU based. I can never get the simulator on there to work either. No matter what I put in, it gives me a +1 point.

Re: Experian VantageScore?

jdirilo — Fri, 28 Sep 2012 15:59:11 GMT

It has worked for me in the past. And it works when I check the box "pay off all cc balances" but when I try to add a new cc or loan amount now, its not working. it was working before though

Re: Experian VantageScore?

Walt_K — Fri, 28 Sep 2012 19:29:22 GMT

Even if you get the simulator to "work" not sure what good the information will do.

Re: Experian VantageScore?

jdirilo — Fri, 28 Sep 2012 21:30:43 GMT

I'm just looking for a general idea of how the new cc's and auto loan are going to affect my credit. I don't expect the number to be exact.

Re: Experian VantageScore?

Walt_K — Fri, 28 Sep 2012 21:39:12 GMT

It's not uncommon for FAKO and FICO scores to trend in opposite directions. I've seen my Vantage score go up 30 points the same day that my Transrisk score dropped 60 points, all the while my FICO never changed. You're just not going to be able to gain much information at all about what your FICO score is likely to do based on a change in your FAKO, much less an estimated change in your FAKO.

Re: Experian VantageScore?

llecs — Fri, 28 Sep 2012 21:39:31 GMT

@jdirilo wrote:
I'm just looking for a general idea of how the new cc's and auto loan are going to affect my credit. I don't expect the number to be exact.

How many CCs do you have now?

When's the last time you had any new OC accounts report?

How will util be impacted when they report?

What's the impact, if any, to AAoA?

Re: Experian VantageScore?

jdirilo — Fri, 28 Sep 2012 21:50:03 GMT

There are two cc's that are not yet reporting to experian. So I have a total of 4, and AU on 1.

Sorry, I am not sure what OC means, I am assuming something with collection accounts?

Right now my util is about30-40%, and when the new CC's report, it should drop, not sure how much.

My AAoA went from 2 years 2 mo to 1 year 3 mos when two of the cards hit my CR.

Sorry, I am still fairly new and trying to learn all of the lingo and acronyms! I am trying to understand as much about credit as I possibly can(even double majoring in credit/finance and nursing!) so please, go easy on me

Re: Experian VantageScore?

LS2982 — Sat, 29 Sep 2012 22:47:47 GMT

@jdirilo wrote:
What exactly is it? I'm understanding that an EX fico is nonexistent for us to check on our own? I ask because I disputed a few things on my EX cr and it has been updated, and 2 new cc's have been added since, and a new car loan will be added soon. I want to see the difference. When the CU ran my EX, it was 566. I tried using the credit simulator on CK but its not working(and I know its not accurate anyway, but just wanted an idea). I am curious to see how the new credit will help or hurt me. Thanks!

It is not totally nonexistant. If you have access to a CU in PA (PSECU) you can get your EX FICO for free monthly. You have to be a PA resident to get in. There are people experimenting with a loophole to get in. you can find out about this on this link:

http://ficoforums.myfico.com/t5/Credit-Cards/Would-you-pay-75-bucks-to-join-PSECU/td-p/1610412