I’m giving up on monitoring my credit, I have had nothing but good changes… In 14 days my vantage 3.0 score went down 9 points, then 2 days later up to 50 to 808 then 3 days later up 2 to 810, one week later back down to 754 .. one day later up 10 points to 764 I give up!!
fico!scores have been fairly stable from what I see all in the 770-790 range .
4.2 year credit history 2.7 year credit account age .. 0 inquires on transunion, and equifax, 1 on Experian.
148,500 in available credit, less than 1% utilization
1 personal loan 9600
I vehicle loan 6900
no other balances all paid on time no long term loan recently paid off, no changes to credit report other that 2 inquiry's droped off report last month ... my heart can't take these changes 14 days of WTH
I'm sorry to hear about your score frustration! If you have access to your Fico scores I would ignore (not put much faith in) vantage scores. They fluctuate so often. I can sneeze and I'll lose points on my vantage scores.😜
What I do is, I use MyFico/Fico for scores data and I use Credit Karma/Vantage Scores to get more insight on things on my profile. Often I'll get an alert from MyFico about something with my credit profile that has changed but it's not specific which company the change occurred with. Credit Karma though will specify the company the change was with, providing me the needed insight I was needing.
Doing this has helped me not get so frustrated with my constantly changing Vantage scores. Hopefully doing this will help you too!
There are a few credit card issuers that will provide your Fico 8 or Fico 9 scores monthly complimentary. Some that come to mind are American Express, Discover Credit Score Card website, Experian App/Website, Navy Federal and Wells Fargo. I'm sure there are others that do it I didn't mention. Best wishes to you on your credit journey!
@Talonwildstar wrote:I’m giving up on monitoring my credit, I have had nothing but good changes… In 14 days my vantage 3.0 score went down 9 points, then 2 days later up to 50 to 808 then 3 days later up 2 to 810, one week later back down to 754 .. one day later up 10 points to 764 I give up!!
fico!scores have been fairly stable from what I see all in the 770-790 range .
4.2 year credit history 2.7 year credit account age .. 0 inquires on transunion, and equifax, 1 on Experian.
148,500 in available credit, less than 1% utilization1 personal loan 9600
I vehicle loan 6900
no other balances all paid on time no long term loan recently paid off, no changes to credit report other that 2 inquiry's droped off report last month ... my heart can't take these changes 14 days of WTH
IMHO your Vantage scores are not meaningful. Since you indicate they are causing you frustration, my advice would be to stop paying attention to them. Your FICO scores are the ones that matter.
@Anonymalous wrote:If constant monitoring of your credit scores is causing you stress, then don't do it. Delete all the apps so you're not tempted to check them every minute, and disable notifications so you're not constantly alerted. Then set a day each month (or quarter) when you check your scores, set an alert so you don't forget, and then just ignore them until that day comes.
It's like people who watch the stock market. Some people can handle huge swings, and not worry about it. Other people stress about every up and down. Sounds like you may be in the second category, when it comes to credit scores. It's not always easy, but a little distance may be the solution.
A very insightful (and thoughtful) response. By far, the best (imho)!
Starting Score: 784
As already mentioned, Vantage scores provide little value, as few lenders use it during the approval process. Following is a great reason why you shouldn't care about those scores. I just pulled my TU Vantage 3.0 score and received this as a reason why my score isn't higher. My largest credit limit is $30K, followed by $29.7K. While these aren't ginormous, they are small limits either.
Your largest credit limit on open bankcard or revolving accounts is too low
Bankcard accounts include credit cards and charge cards from a bank and are frequently revolving accounts. Revolving accounts allow you to carry a balance and your monthly payment will vary, based on the amount of your balance. The largest credit limit among all the open bankcard or revolving accounts in your credit file is low. Having higher limits gives you access to credit without seeking new loans or becoming overextended which are triggers for higher risk.
