Credit.com 2 different scores

[Thomas_Thumb]

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@Anonymous wrote:

I use TU score and credit.com free score.  I used EX score early and want to say EX official score fom their site was the same as credit.com score.

I read many topics here and more people says that credit.com score is FACO score, not FICO.

Help me understand what scores on credit.com - FICO or FACO? And what's about Vantage score?  Which score lenders use?

Here is my last scores from credit.com.  I am very surprised to see very big difference between these 2 scores.

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The Experian National Equivalency Score has different weighting for factors relative to VantageScore 3.0. Also, the scale 360 to 840 is slightly different than VS3's 300 to 850. I believe VS3 puts more weight to open account  credit mix and # open accounts. The VS simulator indicates I should add an installment loan (car) to improve score. Supposedly optimum CC debt (UT%) for VS is about 4%.

Some venders do use VantageScore 3.0 but I am unaware of any that use the EX National Equivalency score (although experian states some do). The majority of lenders appear to use Fico 8 classic for non mortgage loans. Credit card companies look at Fico 8 and Fico 8 Bankcard scores.

[takeshi74]

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@Anonymous wrote:

I use TU score and credit.com free score.  I used EX score early and want to say EX official score fom their site was the same as credit.com score.

I read many topics here and more people says that credit.com score is FACO score, not FICO.

Help me understand what scores on credit.com - FICO or FACO?

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Quite often you can find information on the score from the site itself.  This information is on the credit.com homepage under "How do we calcualte your score?"

In fact, we provide you with two credit scores – the National Equivalency Score and VantageScore 3.0.

Non-FICO scores are referred to as FAKO's around here and on most other credit sites.

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@Anonymous wrote:

And what's about Vantage score?  Which score lenders use? 

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Creditors do not all use the same scoring model and CRA (you always need to consider both).  The scoring model used can even vary by product.  Let's take Chase for example.  They may use one model for credit cards and an entirely different model for mortgages.  You need to be very careful relying on scores as you cannot use a score generated by one model to determine a score generated by a different model.  If you want to know what number a creditor will pull for you then you need to know the scoring model and CRA used and then go pull that specific score.

Even FICO doesn't have just one scoring model used by creditors.  See also the Understanding FICO Scoring subforum and its stickies.

What are you asking about with respect to VantageScore?  It's a non-FICO scoring model allegedly used by some creditors.

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@Anonymous wrote:

Here is my last scores from credit.com.  I am very surprised to see very big difference between these 2 scores.

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Different scoring models use different algorithms that weight report data differently.  You should expect different algorithms to produce different results.  Additionally, some scoring models are on different point scales.  That's why you can't use one scoring model to determine the number generated by a different scoring model.  Don't assume all models to be the same and always consider the scoring model and CRA as well as the relevance of a given combo to a specific creditor.  In other words, if you're applying for a credit card from Barclaycard then consider the model and CRA that they use.  Other models and CRA's will not be relevant to Barclaycard.

These are all very common topics so don't overlook other discussions as resources as well.