Capital One Just Continues To Find Ways To Increase My Hatred. Creditwise.

[Anonymous]

This just really pissed me off, what lenders use Vantage 3.0? They even state they dont even use the scoring model. Capital One continues to be my least favorite lender. I have absolute hatred for them.

[UncleB]

I'm sorry you feel that way about Capital One. 

For what it's worth, I've read reports that Chase has used a version of the VantageScore in the past for some approvals, specifically for Freedom.

Also, please refrain from putting web addresses in your subject line in future posts; that will ensure your title is displayed properly. 

[gdale6]

Hi there OP,

I have edited your title to remove the URL. Please post these in the body of your text. I tried the URL and it lead to an error message. Thanks for your understanding on this.

[NRB525]

I'm not sure why it matters what scoring model a lender uses. It's just a way to organize the data in your credit report, not a statement of their feelings toward you.

As long as a lender uses a consistent scoring model, whatever that is, then they've determined that scoring model tells them the most about their customers. Or it's cheaper than paying for the more expensive model. Either way, every model is built around a bell curve to describe people in similar ways.

We get focused here on the FICO 08 model because that gives us as posters a reference point we understand. There's nothing magical about FICO 08, other than it is popular and we have a reference point to understand it. Once FICO 9 takes off, people be dissin' FICO 08 before long.

[Creditplz]

My Fico 9 is lower then 8 by 50 pts !

[tussking]

MrDre why would you even care ? Its a free service !  They aren't using it to determine credit...Go pay for the scores you need....Like CCT.

[creditguy]

So just ignore it and move on, that's like logging into CK for info and getting mad at their fake scores. It always amazes me when people complain about scores they already know are fake, especially when it's free.

[ojefferyo]

I hate cinnamon, kinda pointless post I know, 

[Creditaddict]

I think the point OP was making and what bugs me about it is the creditor issuing the score doesn't even use said score... Why share a score with you that they don't even use... it's like when creditors were required by the credit reform to issue you a score for denial or if you didn't qualify for best rates and instead of sending you a real fico some like Comenity send you some internal bogus score that makes ZERO Sense to even the workers at the bank... They are just taking one more step to keep the average consumer in the dark of what their credit looks like.

[woodyman100]

CA nailed it I think. What's the point if it's not even close to what most lenders use.
It's like offering free bags of dog do.
Sure it's free, but what the heck does that do for me?
That being said, I do get alerts from Credit wise about pulls and accounts.