Cap One switching from Credit Tracker

[Anonymous]

already a discussion on this topic

[Anonymous]

Dang people ...fako bako whatever you want to call it ... isn't this a freebie anyway? Where's the gratitude sheesh!! Just an extra added benefit some don't give you a score at all ..fake or real ....man. .. anyway checked mine today and site doesn't work yet so lets complain about that now instead smh ...

[Anonymous]

what good is a score no one uses for credit decisions? (not even cap1)

rowncole your score based on my system is 674. that was free. it's appreciated, right?

[Anonymous]

^^ maybe Im slow but I don't get it ...

[Anonymous]

meaning that vantage score is about as useful is me making up a score for you.

[Revelate]

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@Anonymous wrote:
meaning that vantage score is about as useful is me making up a score for you.

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I've had a credit card underwritten by Vantage.  Stated right there in my denial letter from Chase pre-recon.

Am sorry but knowing one's Vantage score is nowhere close to useless.  If we wanted to debate the relevance of TU New Account Score that was what Cap 1 used to peddle, then I'd be willing to agree that score was effectively useless.

[Anonymous]

different strokes i guess. i have found 0 use for vantage.

[Anonymous]

I would argue that the Vantage score is LESS than useless.   My Vantage scores range from 616 on CK to 707 on Credit.com, with very similar files!  My actual FICO 8 for TU is 689 and EX is 668.  Those sites and the Cap One site would be better off without the random number generator know as Vantage 3 score.  The old New Account score was closer to reality at 665.

[Thomas_Thumb]

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@Revelate wrote:

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@Anonymous wrote:
meaning that vantage score is about as useful is me making up a score for you.

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I've had a credit card underwritten by Vantage.  Stated right there in my denial letter from Chase pre-recon.

Am sorry but knowing one's Vantage score is nowhere close to useless.  If we wanted to debate the relevance of TU New Account Score that was what Cap 1 used to peddle, then I'd be willing to agree that score was effectively useless.

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Agree.. VantageScore 3.0 is one of the best models for scoring consistency between the CRAs. My scores (even with minor variations in CRA reports) always track within 5 points of each other and they go up and down in unison. It looks like VS does not ding your score regardless of # cards reporting a balance - aggregate utilization is what counts. if you have cards you should be able to use what you have responsibly (meaning maintaining "low" utilization) without concern of a score drop.  I sure hope Fico adopts this approach - continuous improvement requires competition.

Frankly, the only score I have issues is Fico 04. The model is way to lax in allowing tweaking by CRAs .My EQ Fico 04 score has been erratic and sometimes varies by more than 50 points from TU Fico 04 and EX Fico 04 (yes, the 3B includes an EX Fico 04 - called EX score 3).