Vantage Score Phooey!!

[minimock]

I had to chuckle at this and AGAIN throw out a reminder to new folks that FAKO scores are just that......................... fake.

I have a TCL of 22K and have been using all  7 revolving trade lines (I dont have any other types because Im deployed, everything is paid for) regularly and PIF all of them before they have a chance to report.

I thought I should go ahead and let one of them report every now and again and PIF before it incures interest now and then.

I let $86 report for one, and got disadVANTAGEd for 20 points for my trouble on all three bureaus.......

Moral of the story? Pay no attention to the man behind the FAKO curtain

[Anonymous]

Vantage Scores IMO are the worst out there.

On a more serious note, THANK YOU for protecting our Country minimock!!!!

Keep Safe and I hope you get home to your Family soon!

[minimock]

Sorry if I put this post in the wrong place, I just figured the post was based on CC reporting only as thats the only kind of credit I have.....

[Anonymous]

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@minimock wrote:

... using all  7 revolving trade lines (I dont have any other types because Im deployed, everything is paid for) regularly and PIF all of them before they have a chance to report.

I thought I should go ahead and let one of them report every now and again and PIF before it incures interest now and then.

I let $86 report for one, and got disadVANTAGEd for 20 points for my trouble on all three bureaus.......

---

Which you are saying ZERO statement balance on all 7 ccs always.

Then, suddenly ... you let Statement Balance of $86 report on one of your ccs and your score went down 20 pts.   That's why.

Q:  Have you get FICO score and compared those two?  

Here is my case ... I normally keep the balance on the statement on my three ccs out of nine.  One time, I carried $1.09 (RedBox rental) balance on forth one.  Then, my score went down 15 pts. 

Advise ... IMO ... you should keep letting the balance report on at least 1~2 ccs with small statement balance always instead ZERO on all 7 ccs.

[minimock]

You assume correctly, just out of curiosity I pulled my Transunion fico and it went up 2 points.

There is no method to the madness, beyond the fact to reinforce that FAKO's are just that.......FAKE!

[JonStur]

Yes they're all crap..but they are quick to point out that they exist for educational purposes only not a true indication of one's actual FICO score..