topic Re: Wells Fargo Free Credit Score in General Credit Topics

Wells Fargo Free Credit Score

Vegas247 — Fri, 24 Oct 2014 22:42:33 GMT

I received a free Credit Score for having my Bank accounts set up at Wells Fargo...I tried it out, and it gave me a Vantgage score of 741. Is Vantage a credible score? Is a Vantage score anything important?

Re: Wells Fargo Free Credit Score

jsucool76 — Fri, 24 Oct 2014 23:44:27 GMT

While Vantagescore isn't a "FICO" model, it is used by some lenders. I know chase has been known to use it rarely.

It ranged from 500-990 I believe. You can also get it for free from creditkarma, but it is not a scoring model used by most lenders.

Re: Wells Fargo Free Credit Score

Anonymous — Fri, 24 Oct 2014 23:45:07 GMT

Vantage score is a FAKO score, lenders don't use it.. I've a trick that in my experience has worked or came really close- TAKE YOUR VANTAGE SCORE AND MULTIPLY IT BY 0.86 TO GET YOUR FICO SCORE

@Vegas247 wrote:
I received a free Credit Score for having my Bank accounts set up at Wells Fargo...I tried it out, and it gave me a Vantgage score of 741. Is Vantage a credible score? Is a Vantage score anything important?

Re: Wells Fargo Free Credit Score

MarineVietVet — Sat, 25 Oct 2014 00:19:48 GMT

@jsucool76 wrote:
While Vantagescore isn't a "FICO" model, it is used by some lenders. I know chase has been known to use it rarely.

It ranged from 500-990 I believe. You can also get it for free from creditkarma, but it is not a scoring model used by most lenders.

That was VantageScore 2.0.

VS 3.0 uses the same scale as FICO-300-850.

Re: Wells Fargo Free Credit Score

MarineVietVet — Sat, 25 Oct 2014 00:22:58 GMT

@Anonymous wrote:
Vantage score is a FAKO score, lenders don't use it.. I've a trick that in my experience has worked or came really close- TAKE YOUR VANTAGE SCORE AND MULTIPLY IT BY 0.86 TO GET YOUR FICO SCORE
@Vegas247 wrote:
I received a free Credit Score for having my Bank accounts set up at Wells Fargo...I tried it out, and it gave me a Vantgage score of 741. Is Vantage a credible score? Is a Vantage score anything important?

There are a few lenders, like Chase, who use the VS.

Re: Wells Fargo Free Credit Score

Vegas247 — Sat, 25 Oct 2014 01:14:27 GMT

When I got my Free Vantage Score today, the scale was from 300 to 850....and it said it was Vantage 3.0

Re: Wells Fargo Free Credit Score

BearsAndTurtlesRtheBest — Sat, 25 Oct 2014 01:21:48 GMT

Its only the score not report right?

Re: Wells Fargo Free Credit Score

Vegas247 — Sat, 25 Oct 2014 03:24:17 GMT

@BearsAndTurtlesRtheBest wrote:
Its only the score not report right?

It was a Vantage score and Experian report .

Re: Wells Fargo Free Credit Score

Vegas247 — Sun, 26 Oct 2014 23:47:34 GMT

@Anonymous wrote:
Vantage score is a FAKO score, lenders don't use it.. I've a trick that in my experience has worked or came really close- TAKE YOUR VANTAGE SCORE AND MULTIPLY IT BY 0.86 TO GET YOUR FICO SCORE
@Vegas247 wrote:
I received a free Credit Score for having my Bank accounts set up at Wells Fargo...I tried it out, and it gave me a Vantgage score of 741. Is Vantage a credible score? Is a Vantage score anything important?

Well my Vantage 3.0 score is 741.......My Transunion Fico is 767 and Equifax is 741 and last time I checked my Experian score of 658 was last February, so your 0.86 formula is way, way off.

Re: Wells Fargo Free Credit Score

takeshi74 — Mon, 27 Oct 2014 12:50:44 GMT

@Anonymous wrote:
I've a trick that in my experience has worked or came really close- TAKE YOUR VANTAGE SCORE AND MULTIPLY IT BY 0.86 TO GET YOUR FICO SCORE

Different scoring models don't just have fixed offsets or multipliers. My TU 08 is higher than my TU VantageScore so your trick wouldn't work at all. You can't use one scoring model to determine the score generated by an entirely different model no matter what tricks you use. The algorithms are different.