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Vantage 3.0 (CK) question on late payments?

BrutalBodyShots
Super Contributor

Vantage 3.0 (CK) question on late payments?

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?

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Revelate
Moderator Emeritus

Re: Vantage 3.0 (CK) question on late payments?


@BrutalBodyShots 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.




        
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BrutalBodyShots
Super Contributor

Re: Vantage 3.0 (CK) question on late payments?

So the CK software for some reason isn't "seeing" the lates on the second account, only the first?  I just found this odd.

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RonM21
Valued Contributor

Re: Vantage 3.0 (CK) question on late payments?

It may be odd but may just be where the cut off is on what they factor in. Hard to tell on this model.
                

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