@Anonymous wrote:
Well obviously the original poster cares. As well as other people discussing it care. A simple Google search or even a search here will dispel the myth that “no lender uses it”.
(Edit* Yes, FICO is used in th vast majority of lending. Which still makes “no lender uses it” inaccurate)
I think it's kind of splitting hairs here. Yes, a lender on occasion will use VS 3.0 for a lending decision, but that's easily overshadowed by at least 100:1 IMO by the use of FICO scores in lending decisions. I think the "90%" you see thrown around often is extremely conservative and that 99%+ is actually more accurate. That being said, VS 3.0 scores with respect to lending decisions are largely irrelevant. If one knows for sure that a potential lender with which they're interested in definitely does not use VS 3.0 in lending decisions, it makes those scores completely irrelevant. The only time someone should ever sweat VS 3.0 is if they know for certain that a potential lender uses it, which again is going to be extremely rare relative to the whole.
