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I know I know, who cares about CK and their scoring models. Moving past that, quick question about how that model looks at "late payments." I was looking through my normal Sunday morning update today and noticed that under "payment history" it shows me having 3 late payments under one account. This however is inaccurate as I have 3 late payments on TWO accounts, or 6 total late payments all during the 2014 calendar year. I thought that perhaps with Vantage 3.0 it only looks back a certain amount of time, but since these lates are during the same time period (almost exactly) that can't be the case.
So why is it factoring in only 3 of my late payments from 1 account rather than all 6 from both accounts that I've been late on?
@Anonymous wrote:I know I know, who cares about CK and their scoring models. Moving past that, quick question about how that model looks at "late payments." I was looking through my normal Sunday morning update today and noticed that under "payment history" it shows me having 3 late payments under one account. This however is inaccurate as I have 3 late payments on TWO accounts, or 6 total late payments all during the 2014 calendar year. I thought that perhaps with Vantage 3.0 it only looks back a certain amount of time, but since these lates are during the same time period (almost exactly) that can't be the case.
So why is it factoring in only 3 of my late payments from 1 account rather than all 6 from both accounts that I've been late on?
It's Credit Karma not Vantage. Just an error in presentation of the interpreted data on the report.
It's a common mistake here but we can't pull anything about Vantage from CK's presentation. I do suspect that VS does care about recent data more, and might discount old lates: for example, I have a 30/60 late on both files and both scores were similar through October of last year and then TU took a 120 point hit for a 30 day late which wasn't reflected on EQ (or EX, Lady Luck actually smiled on me for once); however, all the lates are reported correctly, 2 accounts with missed payments, 3 on one, 1 on the other on the TU report on CK.
So the CK software for some reason isn't "seeing" the lates on the second account, only the first? I just found this odd.
Total CL: $321.7k | UTL: 2% | AAoA: 7.0yrs | Baddies: 0 | Other: Lease, Loan, *No Mortgage, All Inq's from Jun '20 Car Shopping |