topic Re: Vantage score what a joke in General Credit Topics

Vantage score what a joke

Jnbmom — Sat, 01 Feb 2020 23:09:19 GMT

I swear vantage 3.0 keeps me amused at least . I was checking my CK saw score went back up 43 points (mind you I lose theses points weekly and then regain) I checked to see what’s changed a HP, yes a HP gained me 43 points 🤣🤣🤣🤣

I do love it for the monitoring aspect, but their scoring is beyond a joke .

Re: Vantage score what a joke

AllZero — Sat, 01 Feb 2020 23:48:23 GMT

Congratulations on your success!

Re: Vantage score what a joke

AllZero — Sun, 02 Feb 2020 00:21:09 GMT

I was in a similar situation. I took a hard pull and gained points. I was digging through my VS reports but couldn't find it.

Re: Vantage score what a joke

Anonymous — Sun, 02 Feb 2020 00:25:32 GMT

Today is the first of the month so lots of score increases and decreases threads popping up. Today my oldest account on EQ aged off. My AoOA dropped from 18 years to 2 years and that gave me 5, FICO points 🧐 and took away 24 Vantage points 😒

Scorecard reassignment I think.

Re: Vantage score what a joke

Anonymous — Sun, 02 Feb 2020 00:31:23 GMT

@Jnbmom wrote:
I swear vantage 3.0 keeps me amused at least . I was checking my CK saw score went back up 43 points (mind you I lose theses points weekly and then regain) I checked to see what’s changed a HP, yes a HP gained me 43 points 🤣🤣🤣🤣

I do love it for the monitoring aspect, but their scoring is beyond a joke .

I saw all 3 bureau VS3 scores go up +44 points at AAoA / AoYA 3 months, as calculated according to VS3 aging which is 1 month behind what myFICO or Experian will report on my profile. (Cards opened Dec 20 and Dec 23 2018 are not backdated to Dec 1 with VS3.)

My VS3 scores are really stable and I think it's because I don't have any open installment loans - just 2 open revolving.

Re: Vantage score what a joke

Anonymous — Sun, 02 Feb 2020 22:36:32 GMT

@Anonymous wrote:
Today is the first of the month so lots of score increases and decreases threads popping up. Today my oldest account on EQ aged off. My AoOA dropped from 18 years to 2 years and that gave me 5, FICO points 🧐 and took away 24 Vantage points 😒
Scorecard reassignment I think.

If your profile is clean, I'm almost certain that would cause scorecard reassignment, unless the line between young and old is at 2 years, which I suppose is possible, considering fico is designed to predict the likelihood of defauly in the next 24 months I've read. But, most theorize the breakpoint is between 10-15 years. Wish you had before and after scores for the variants. If so, can you see if any other variants changed. I'd really expect more of a point change for that. What was your before and after AAoA?

Re: Vantage score what a joke

Revelate — Mon, 03 Feb 2020 00:01:07 GMT

@Anonymous wrote:
@Jnbmom wrote:
I swear vantage 3.0 keeps me amused at least . I was checking my CK saw score went back up 43 points (mind you I lose theses points weekly and then regain) I checked to see what’s changed a HP, yes a HP gained me 43 points 🤣🤣🤣🤣

I do love it for the monitoring aspect, but their scoring is beyond a joke .
I saw all 3 bureau VS3 scores go up +44 points at AAoA / AoYA 3 months, as calculated according to VS3 aging which is 1 month behind what myFICO or Experian will report on my profile. (Cards opened Dec 20 and Dec 23 2018 are not backdated to Dec 1 with VS3.)

My VS3 scores are really stable and I think it's because I don't have any open installment loans - just 2 open revolving.

Are you sure about that? Last I checked it was the bureaus that did open month/year but I honestly haven't looked at my base reports in years (hasn't been any need TBH).

Re: Vantage score what a joke

Duke_Nukem — Mon, 03 Feb 2020 16:35:00 GMT

My DW and my own VS3 move around more than Fico8, but only by a few points. VS3 does seem to be a little more sensitive to minor changes than Fico8 does.

However, our VS4 is like a pinball bouncing all over the place. Even though our VS3 may change 1 or 2 points during a week (thru multiple sources, not just CK), the VS4 that Synchrony displays moves up and down wildly (doing a pull every day or two with the enroll/unenroll trick). I just don't see how a lender would want to trust VS4 with the wild swings I'm seeing (100+ points within a week's time).

Re: Vantage score what a joke

donkort — Mon, 03 Feb 2020 16:57:31 GMT

At this point, my TransUnion Vantage 3 is at 635, and my TransUnion Fico 8 is at 724, a 89 point difference.

Re: Vantage score what a joke

Anonymous — Mon, 03 Feb 2020 20:32:59 GMT

@Revelate wrote:
@Anonymous wrote:
I saw all 3 bureau VS3 scores go up +44 points at AAoA / AoYA 3 months, as calculated according to VS3 aging which is 1 month behind what myFICO or Experian will report on my profile. (Cards opened Dec 20 and Dec 23 2018 are not backdated to Dec 1 with VS3.)

My VS3 scores are really stable and I think it's because I don't have any open installment loans - just 2 open revolving.
Are you sure about that? Last I checked it was the bureaus that did open month/year but I honestly haven't looked at my base reports in years (hasn't been any need TBH).

Yes, I'm positive. myFICO and Experian had AoYA 4mos when that happened with my VS3 scores. CK, credit.com (EX VS3), and Wallethub had it at 3mos. Nothing happened with my VS3 scores like it did with virtually all of my FICO scores at a myFICO calculated AoYA 3mo. That makes sense, because it was only AoYA 2mo with VS3.

Maybe VS3 takes the midpoint of a month and if you're on the later end of that it doesn't backdate. I didn't want to generalize at the time, but it looks like this could be a big source for a lot of the VS3/F8 score discrepancies

Re: Vantage score what a joke

Revelate — Tue, 04 Feb 2020 01:32:45 GMT

@Anonymous wrote:
@Revelate wrote:
@Anonymous wrote:
I saw all 3 bureau VS3 scores go up +44 points at AAoA / AoYA 3 months, as calculated according to VS3 aging which is 1 month behind what myFICO or Experian will report on my profile. (Cards opened Dec 20 and Dec 23 2018 are not backdated to Dec 1 with VS3.)

My VS3 scores are really stable and I think it's because I don't have any open installment loans - just 2 open revolving.
Are you sure about that? Last I checked it was the bureaus that did open month/year but I honestly haven't looked at my base reports in years (hasn't been any need TBH).
Yes, I'm positive. myFICO and Experian had AoYA 4mos when that happened with my VS3 scores. CK, credit.com (EX VS3), and Wallethub had it at 3mos. Nothing happened with my VS3 scores like it did with virtually all of my FICO scores at a myFICO calculated AoYA 3mo. That makes sense, because it was only AoYA 2mo with VS3.

Maybe VS3 takes the midpoint of a month and if you're on the later end of that it doesn't backdate. I didn't want to generalize at the time, but it looks like this could be a big source for a lot of the VS3/F8 score discrepancies

Hrm. I'm always skeptical of what the CMS's tell me is my credit age: they are not reference, at all. Score shifts and reason codes are.

I just go by open month to determine mine and for FICO that's been 100% accurate at breakpoints I was able to confirm concretely, but to be fair I haven't really tracked Vantage because until it makes more inroads it's effectively pointless for me to do so. Not quite educational score but awwwfully close for all that Synchrony switched to VS 4 apparently none of the free services have switched including TU itself I found out the other day. Lame.

Re: Vantage score what a joke

Anonymous — Tue, 04 Feb 2020 01:50:21 GMT

@Revelate wrote:
@Anonymous wrote:
Yes, I'm positive. myFICO and Experian had AoYA 4mos when that happened with my VS3 scores. CK, credit.com (EX VS3), and Wallethub had it at 3mos. Nothing happened with my VS3 scores like it did with virtually all of my FICO scores at a myFICO calculated AoYA 3mo. That makes sense, because it was only AoYA 2mo with VS3.

Maybe VS3 takes the midpoint of a month and if you're on the later end of that it doesn't backdate. I didn't want to generalize at the time, but it looks like this could be a big source for a lot of the VS3/F8 score discrepancies
Hrm. I'm always skeptical of what the CMS's tell me is my credit age: they are not reference, at all. Score shifts and reason codes are.

I just go by open month to determine mine and for FICO that's been 100% accurate at breakpoints I was able to confirm concretely, but to be fair I haven't really tracked Vantage because until it makes more inroads it's effectively pointless for me to do so. Not quite educational score but awwwfully close for all that Synchrony switched to VS 4 apparently none of the free services have switched including TU itself I found out the other day. Lame.

After tracking my scores for the past year with FICO Premier, Experian CreditWorks, Credit Karma, Wallethub, Nerdwallet, Credit.com, and AMEX MyCreditGuide, oh do I ever know how bad the CMS world can be. lol

But for this VS3 report it was easy: 3 months is a known threshold with VS3 where the score penalty of a new account drops off rapidly. @Thomas_Thumb had a graph of this and it looked like an exponential curve. I didn't get the big jump with VS3 at FICO's aging of AoYA 3mo - it happened the following month, when all the VS3 CMSs showed AoYA 3mo and AAoA (only open accts) 3mo (FICO AoYA 4mo).

My VS3 age is always a month behind FICO's, and the 3 and 6 month gains with VS3 came at FICO AoYA 4mo and 7mo. I'm using the score gains alone.

Re: Vantage score what a joke

Anonymous — Tue, 04 Feb 2020 02:52:44 GMT

I got a notification to check Credit Wise today. It updates every Saturday. Logged in today and it said my score jumped 62 points. The only change was my utilization went from 4% to 2% 😂

Thanks VS for giving me a good laugh today.

Re: Vantage score what a joke

Anonymous — Tue, 04 Feb 2020 02:57:34 GMT

It's always good when the FICO is higher. I had similar issue. Had a BK removed and my VS dropped over 40 points. Of course, FICO went up so my FICO was higher than VS.

Re: Vantage score what a joke

vicky3vicky — Wed, 05 Feb 2020 01:52:50 GMT

Vantage is a joke. I agree. I have a collection and some 120 day lates, all occurring in the past 2 years, but Vantage has me at an excellent score rating. Fico 9 has me pretty high because all my debts are paid. Fico 8, which I think gives the most accurate ratings, still has me at fair, which is where I deserve to be.

Re: Vantage score what a joke

K-in-Boston — Thu, 06 Feb 2020 22:12:46 GMT

VantageScore 3.0 has always been laughable to me, especially once I got out of being quagmired at around 700 FICO 8 scores due to high utilization.

Mine are typically about 60-100 points lower than my FICO 8 scores, and it's always funny to see when they dip down into the upper 600s since I have a very thick profile with utilization under control and no derogatory information ever in my life. I also occasionally get the "credit card balance reduced by $83 TransUnion +47 points" alerts.

What really hurts me about them is when they are wrong in the other direction for other people. Since I discovered myFICO, I've read many denial threads where someone was surprised to be turned down for credit when they had good or excellent credit according to Credit Karma, only to later find out they have FICO 8 scores in the 500s or 600s.

Then there are those rare, lucky few people here whose VS3 scores closely follow their FICO 8 scores.

Re: Vantage score what a joke

Jnbmom — Thu, 06 Feb 2020 22:16:31 GMT

@K-in-Boston

Exactly and how many post start out here I was denied for a credit card but my EQ and TU scores are this .........

Re: Vantage score what a joke

K-in-Boston — Thu, 06 Feb 2020 22:32:23 GMT

@Jnbmom wrote:
@K-in-Boston

Exactly and how many post start out here I was denied for a credit card but my EQ and TU scores are this .........

I'm gonna eat my words the day someone does that and replies to the "where are you getting your scores?" question with Langley Federal Credit Union and Discover. 😂

Re: Vantage score what a joke

Anonymous — Fri, 07 Feb 2020 03:43:17 GMT

@K-in-Boston wrote:
VantageScore 3.0 has always been laughable to me, especially once I got out of being quagmired at around 700 FICO 8 scores due to high utilization.

Then there are those rare, lucky few people here whose VS3 scores closely follow their FICO 8 scores.

While it appears to be largely inconsequential in the credit arena, my vantage score is typically in line with my Fico 8 scores. Vantage 3 is usually within a few points of my Experian and within 10ish points of Trans/Equifax.

800+ scores: I have a tenured profile, comfortable limits, few inquires/new accounts, and single digit utilization reporting is largely consistent PIF after statement cut.

I see my Vantage data via Cap One and it will show a 1-4 points swing if utilziation increases/decreases by a few thousand dollars- negible nothings.

Re: Vantage score what a joke

donkort — Sat, 08 Feb 2020 00:48:10 GMT

Right now, my Vantage 3 Score is 12 points HIGHER than my TransUnion FICO.

For over 10 years, though, my Vantage 2, then Vantage 3, was consistently 30 points or more lower than my FICOS.