Some Credit Unions use Vantage score???

[C_DUBYA]

I am doing a ReFi on a motorcycle loan.  I shopped a couple credit unions and was approved.  Then at the closing table we went over the info and I saw the credit score showed me very low.  Being a diligent tracker I was like, wait what?  It was 70+ lower than I know myFICO range was.

So I looked further and they used VantageScore!  (Mine is low and I have no clue why)

Either way I was approved but I am sure my rate is higher than it should be based on this.  Is this new?  Why would they use vantage score?  Just being cheap?

[GZG]

Synchrony has been using vantage 4.0 for a bit, it must work for how they choose to lend 

Vantage 4.0 isn't the dumpster fire vantage 3.0  is, in my experience, score drops/decreases are reasonable and consistent 

if they are using vantage 3.0, I'd love an interview because I have no idea how they underwrite with any confidence whatsoever 

[pizzadude]

Which CU was this ?   Agree that it would be unusual, at least I can't recall seeing any reports of auto lenders using VS. 

[C_DUBYA]

Small credit union here.  Michigan Schools and Government Credit union.

[indiolatino61]

I have read quite a few posts which state that the Vantage score is substantially lower than the FICO score. I had always experienced the opposite. Have the algorithms used changed that much. In fairness, I am referencing my experience from many years ago when I first became a member (2012). Perhaps Vantage 4.0 is gaining traction? Best of luck.