Today I found out Experian and TransUnion no longer offer access to FICO scores online.
When you purchase a score from either of them you only get their new "Vantage Score." The problem is, almost NO CREDIT GRANTORS USE VANTAGE SCORES TO LEND MONEY. So, my clients get the short stick because, in my opinion, a Vantage score is almost worthless to determine actual credit worthiness as lenders will see it.
Sure, knowing you have a Vantage score that is a 900 "Prime" or 905 "Prime Plus" is great fun - if your weird like that (.........okay I admit it). But almost all creditors use FICO. I personally found it a little deceptive of Experian to sell "credit scores," and after giving them money you find out the score you just purchased gives you almost no information (there is no scale to convert your Vantage to your FICO!).
So, I plan on sticking with Equifax or Myfico.com (but if Equifax starts playing those games I'll stop using them too).
Has anybody had a similar experience or know ANY credit grantors that use Vantage?
Message Edited by DionLawOffice on
01-24-2008 07:05 AM
