topic Re: vantage scoring model strikes again in General Credit Topics

vantage scoring model strikes again

mfinsmi1 — Sun, 02 Oct 2022 17:38:48 GMT

recently i expereinced a whopping 75 point drop in my vanatage TU .... i immediately freaked out thought a new negative item had somehow appeared maybe an old collection account reemerged - i immediately ran to pull my report to investigate - the only updates to my report were the removal of my old defaulted student loans and the decrease in my utilizaiton. There was no new negative item added no new lates and my average age has stayed the same .... now i thought maybe i would get a better picture when my fico scores updated but since the drop on vantage my fico score has only gone up . Also usually when one thing happens with one CRB , the others follow. its been over a week now and there has been nothing on EQ and EX and again my TU fico score is slowly growing . At first i freaked out but at this point i fully expect to see my vanatge shoot back up when something triggers a new pull - i know that you cant rely on vantage scores but to see that huge of a drop and not really understand what is going on behind the scenes ,, it still is a little stressful. this is why having fico is a blessing - you can really see if theres a big problem or if its just vantage trying to trick me . I am greateful credit lending , for the most part, is no longer based on vantage.

edit : also NO new remarks added and all prior disputes have since been concluded for over a month now.

Re: vantage scoring model strikes again

GZG — Sun, 02 Oct 2022 17:39:56 GMT

@mfinsmi1 wrote:
recently i expereinced a whopping 75 point drop in my vanatage TU .... i immediately freaked out thought a new negative item had somehow appeared maybe an old collection account reemerged - i immediately ran to pull my report to investigate - the only updates to my report were the removal of my old defaulted student loans and the decrease in my utilizaiton. There was no new negative item added no new lates and my average age has stayed the same .... now i thought maybe i would get a better picture when my fico scores updated but since the drop on vantage my fico score has only gone up . Also usually when one thing happens with one CRB , the others follow. its been over a week now and there has been nothing on EQ and EX and again my TU fico score is slowly growing . At first i freaked out but at this point i fully expect to see my vanatge shoot back up when something triggers a new pull - i know that you cant rely on vantage scores but to see that huge of a drop and not really understand what is going on behind the scenes ,, it still is a little stressful. this is why having fico is a blessing - you can really see if theres a big problem or if its just vantage trying to trick me . I am greateful credit lending , for the most part, is no longer based on vantage.

I'd love to learn more about why vantage is so erratic.

I got this gem during rebuilding when I was doing nothing but making improvements to my reports.

Re: vantage scoring model strikes again

Jnbmom — Sun, 02 Oct 2022 17:42:57 GMT

"No longer based on vantage scores " when were they ever ???

Other than Synch no major lenders rely on these so no point in trying to figure their algorithm out . Just use it for monitoring.

Re: vantage scoring model strikes again

calisig — Sun, 02 Oct 2022 19:13:30 GMT

I find VantageScore to be much more utilization sensitive than FICO 8, so maybe your utilization on a card or two increased?

Re: vantage scoring model strikes again

mfinsmi1 — Sun, 02 Oct 2022 19:33:34 GMT

@calisig nope it decreased 2% did not increase- im not really sure what change triggered the crazy drop maybe vantage is penalizing the fact that i continutally report multiple accounts with a 0 balance ... i really cant put my finger on it after thorough investigation , but the good thing is there is no new negative which was my biggest fear when i saw that initially

Re: vantage scoring model strikes again

mfinsmi1 — Sun, 02 Oct 2022 19:30:22 GMT

@GZG its good to know that im not alone in seeing this - ive been cleaning up my report for the past year so i saw that and i thought oh no some unknown collection from years ago appeared or maybe it was an account that wasnt mine that appeared (lukcily that wasnt the case)--- im curious to see what will happen to the vantage score in a a couple weeks, will all the points come back? but im not going to give it any energy since i know that this seems like a complete and random fluke

Re: vantage scoring model strikes again

FireMedic1 — Mon, 03 Oct 2022 10:39:11 GMT

Dont know why you would worry over a Vantage score. You've been here long enough to know it really doesnt mean much at all. Out of BK it lagged behind for me up to 35pts avg. Took 6 yrs to finally catch up and now it sits behind by 10pts. Or 720's on CK. Whoopie! From the first card of BK when I came here looking to rebuild. All moves were FICO based. The 3 CRA's came up with Vantage. Need I say more?

Re: vantage scoring model strikes again

RobynJ — Mon, 03 Oct 2022 12:05:02 GMT

I will say that when I disputed an account on DH's report it did the same thing like a month after the dispute seemed to be closed. He lost 96 points on EQ and it took around 3 months or so to rebound to be close to what it was again. I know they don't hold much weight but it is upsetting eitherway.

Re: vantage scoring model strikes again

mfinsmi1 — Mon, 03 Oct 2022 13:12:39 GMT

@Anonymous thanks for the insight - that might be my reason then! because like i said after investigating i saw no change and after a week there still has not been any decline in fico . And i had a couple of disputes wrap up last month - one that resulted in those 8 defaulted student loans to be deleted.. Appreciate you for this!

Re: vantage scoring model strikes again

mfinsmi1 — Mon, 03 Oct 2022 13:14:30 GMT

well the worry was only becuase i assumed a drop as big as that meant that something negative occured - the worry subsidied when i did my due diligience . this was more so just a warning to others plus @RobynJ 's post gives me some great insight !

Re: vantage scoring model strikes again

RobynJ — Mon, 03 Oct 2022 13:18:11 GMT

@mfinsmi1 wrote:
@Anonymous thanks for the insight - that might be my reason then! because like i said after investigating i saw no change and after a week there still has not been any decline in fico . And i had a couple of disputes wrap up last month - one that resulted in those 8 defaulted student loans to be deleted.. Appreciate you for this!

Did any update as not being in your favor? This is what happened with DH and we are still gathering more eveidence to prove our case. It was a Credit Card that was opened in his name and was never his. This was back in 2017 right before we married.

Re: vantage scoring model strikes again

mfinsmi1 — Mon, 03 Oct 2022 18:19:12 GMT

@RobynJ so i finally got an update on myfico today with an actual change not just an alert telling me my score went up - a negative item was removed in addition to the student loans - idk why but vantage dropped my score for this - myfico went up again today LOL .... maybe like with fico scores vantage has different scorecards??? i doubt it but who knows ... but much better to see a negative item removed and my vanatage score drops 70 than see a negative item added hahaha

also i do know that sometimes with vantage when a dispute completes and updates the account there is a temporary drop for the added remark for no reason - ive experienced this with vantage equifax before

Re: vantage scoring model strikes again

Kidcat — Mon, 03 Oct 2022 21:05:46 GMT

Same experience. 75pt drop across all vantage scores but no change on fico. Today all of a sudden my vantage scores shot up 75pts. Thinking there must have been a glitch

Re: vantage scoring model strikes again

mfinsmi1 — Mon, 03 Oct 2022 22:43:29 GMT

@Kidcat wait this happened to you too!!! thats crazy

Re: vantage scoring model strikes again

mfinsmi1 — Wed, 05 Oct 2022 04:57:01 GMT

10/5/22 update: hey all i finally figured out what caused the 75 drop - and i know it makes absolutly no sense but i finally found the ONE CHANGE that occured .....since myfico alerted me that a negative had fallen off i started to look at payment history something i did not do when i initially investigated.... this one account had 6 late payments that turned posiitve (u might have seen me post about it elsewhere) . I think vantage messed up it probably should have been a +75 not -75 but whatever . it really boggles by mind how the algorithim works lol but again im just happy to have closed this mystery for good

Re: vantage scoring model strikes again

M_Smart007 — Wed, 05 Oct 2022 04:19:49 GMT

VantageScore 3.0 was seriously flawed (and still is to this day) ..

Thus they had to create VantageScore 4.0

Re: vantage scoring model strikes again

RobynJ — Wed, 05 Oct 2022 13:52:18 GMT

@M_Smart007 wrote:
VantageScore 3.0 was seriously flawed (and still is to this day) ..
Thus they had to create VantageScore 4.0

@M_Smart007 What is your take on VS4? Do you feel it is a closer equal to Fico or is it still very flawed like VS3? What have you found that it weights more on utl, aaoya, aaoa, aooa or......?

Re: vantage scoring model strikes again

GZG — Wed, 05 Oct 2022 17:25:22 GMT

@M_Smart007 wrote:
VantageScore 3.0 was seriously flawed (and still is to this day) ..
Thus they had to create VantageScore 4.0

are there any public sources for 4.0 Vantage? Or do they all come from lenders?

Re: vantage scoring model strikes again

Zoostation1 — Thu, 13 Oct 2022 04:02:48 GMT

I can't speak for VS4 weighting but IIRC it does use trended data. And I'll second Gatorade's question about available sources besides having an account with Synchrony. My father's experience with Synch for the Verizon Visa is enough to make me not want to deal with them.

Re: vantage scoring model strikes again

ksimmons3 — Thu, 13 Oct 2022 04:51:05 GMT

Aspire and Fortiva also give vs4 score