Move Over Vantage

[Anonymous]

Bringing in more subprime borrowers is the name of the credit industry game.

http://www.experian.com/products/scorex_plus.html

Scorex PLUSSM is a powerful new bureau score that utilizes groundbreaking predictive techniques to outperform traditional bureau risk models.

...

These results demonstrated Scorex PLUS provided a stronger separation of good and bad accounts and classified more bad accounts into the worst-scoring ranges.

[Tuscani]

Old news. It has been around for years. This is just EX's FAKO. I suspect it will go away now that they are focusing on Vantage.

[fused]

My Ex Plus score is 738, compared to my FICO EX which is 755.

Vantage Scoring...Well I Hate It!!!

Same info used by all three models.

EX FICO

[fused]

My Ex Plus score is 738, compared to my FICO EX which is 755.

Vantage Scoring...Well I Hate It!!!

Same info used by all three models.

EX FICO -

[fused]

Sorry hit the submit button early on previous note.  Hate Vantage Scoring!!!

Scores

FICO EX - 755

EX Plus - 738

EX Vantage - 831 letter grade B (out of 990)

I go from excellent to very good to just good.  It seems Vantage Scoring places a greater emphasis on Util and less on payment history!  This is stupid!  As a creditor I would prefer to extend credit to someone who has never paid late, rather than someone who has util btw 30-40%.

BTW my total util on my reports is 2%, what gives with DISADVANTAGE SCORING!  Anyone have some insights on this?

[Anonymous]

I was given to understand that EX Scorex is actually different from Vantage--yet another scoring scheme. Are they one in the same?

[Tuscani]

They are different... but Vantage is the sucessor.

[fused]

So does anyone really think vantage scoring will compete well with FICO?  Any lenders you know of who are using this new scoring?

[Tuscani]

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fused111 wrote:

So does anyone really think vantage scoring will compete well with FICO?  Any lenders you know of who are using this new scoring?

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No one knows. The only place I know of that uses Vantage is Prosper.