@barrymc0904 wrote:Yet to see a condensed list of lenders that pull Vantage forumed. Seen info scattered, but nothing easily locateable or readable all in one place, so here's one from my notes:
EXPERIAN
Broadview FCU (Vantage 3.0)
RBFCU (Vantage 4.0)
Petal (Vantage 3.0)
Wings CU (Vantage 4.0)
Can get free EX VANTAGE 3.0 Score from Nav.
TRANSUNION
Fifth Third (Vantage 3.0)
BMO (Vantage 4.0)
BCU / Baxter (Vantage 4.0) *will pull EX upon request over phone*
SSFCU / Security Service (Vantage 3.0)
Alliant (Vantage 4.0) *will pull EX if locked*
Jovia (Vantage 4.0)
Synchrony (Vantage 4.0) *includes Sams Club Biz*
Veridian CU (Vantage 3.0)
Upstart (Vantage 3.0)
Two questions:
- What is the source of this list?
- Are you sure the list of financial institutions use either version of Vantage for underwriting decisions?
@Horseshoez wrote:
@barrymc0904 wrote:TRANSUNION
Alliant (Vantage 4.0) *will pull EX if locked* didn't know about that, cool
Jovia (Vantage 4.0) they offer soft-pull pre-approvals and provide your Vantage 4.0 TU score with only a savings
https://www.jovia.org/personal-banking/tools-resources/promotions
Synchrony (Vantage 4.0) *includes Sams Club Biz* I wish you could business app online
Two questions:
- What is the source of this list?
- Are you sure the list of financial institutions use either version of Vantage for underwriting decisions?
@CreditCuriosity, my thoughts exactly.
@barrymc0904, how have you assembled this list? Did you contact each financial institution and specifically ask them which credit score they use for underwriting?
Definitely going to need to some other data points to validate this information.
@Horseshoez wrote:@CreditCuriosity, my thoughts exactly.
@barrymc0904, how have you assembled this list? Did you contact each financial institution and specifically ask them which credit score they use for underwriting?
More than likely gathered from people posting and/or personal experience. The problem though is even if proof is submitted, if it goes against the grain, people will still dismiss it. For example, I used to work at chase. Despite saying they pull vantagescore, nobody believes me. Which is fine since how do you know if someone really works for who they claim, online. But I posted photos in the past of the reports chase has pulled as well as my southwest denial where I was denied for vantagescore along with screenshot of my vantagescore. Even reconed and confirmation from analyst. People still won't accept it. Was told I was mistaken. What can you do?
Personally, I just add things like this to my list of datapoints and remember a lender can pull all variations of credit scores and will use whatever suits them, which is what chase does. They can use vantagescore, fico 8, auto, cars, whatever they want to justify their decision. For my last auto loan with chase they pulled 3 different fico scores. My last loan with LFS the dealer pulled all that could be used and chose my highest score to get the approval. It just depends on the lender and analyst looking at the data.
@CreditCuriosity wrote:A lot of those institutions might provide that to consumers to see although likely don't use that for lending decisions as cheap to provide vantage scores to consumers vs. ficos and they try to sell it as value added. Vantage scores are usually always going to be higher than FICOs for the most part although Vantage 4.0 might reflect more close to FICOS, but many factors go into this. Just due to the score number being higher than FICO really means nothing if they as mentioned use FICO or internal scoring methods for approvals and account maintenance.
My VS3.0 (TU an EQ, I don't have an EX source currently) have tracked pretty close to my FICO 8. For TU they're the same and right now EQ8 is 10pts lower, but is generally within 10 pts one way or another. They VS3.0 scors are consistently lower than my FICO 9 however.
