@Anonymous wrote:I noticed on my CO card site, and on CK, that my vantage score is almost 100 points less than my fico 8 scores. 590 vs 685. Are there a lot of places that use this score? I am especially concerned about obtaining an auto loan in the next couple of months. The factors according to CK is # of credit inquiries, and age of credit.
I've never heard of any place that uses them.
I would not worry about any Vantage score. Overall most lenders do not use them. The Fico's are what's important.
@Anonymous wrote:My CK score matches my FICO 08 scores. My FICO 08 is around 748 and CK is 758.
^^^^This is very weird. They are different algorithms from different vendors measuring different things
The fact that they are similar is coincidental. And, as the others above have stated, no one uses Vantage scores to determine credit worthiness - at the moment.
@StartingOver10 wrote:
@Anonymous wrote:My CK score matches my FICO 08 scores. My FICO 08 is around 748 and CK is 758.
^^^^This is very weird. They are different algorithms from different vendors measuring different things
Mine are also pretty close, TU and EX anyway.
Vantage 3.0
TU - 800
EQ - 795
EX - 793
Fico 8
TU - 779
EQ - 754
EX - 780
@StartingOver10 wrote:
@Anonymous wrote:My CK score matches my FICO 08 scores. My FICO 08 is around 748 and CK is 758.
^^^^This is very weird. They are different algorithms from different vendors measuring different things
Some lenders have trialed it, I did get my Chase Freedom pre-recon underwritten on it (or at least that was the score Chase disclosed to me).
That said I don't know any that are currently using it, though it's harder to say now with so many single APR products and fewer denials; I suspect if we get another downturn we'll be surprised at how many lenders might be using it, but in general I wouldn't worry about it either. VS appears to weigh recent data much more substantially... I had an inquiry on TU that dropped me 70 points, and 2 months later I got the 70 points back, and was likely in confluence with the factor that I had a recent 30 day late on that bureau as I did not get the same behavior on any FICO algorithm, nor did I get the same behavior on EX/TU VS 3.0 where I didn't have the late reporting and that's just one difference off one file between the algorithms.
In broad strokes improving one's FICO will improve VS as well so simply create the pretty file (or put as much lipstick on the pig as possible in my case) and go on with life.
@Anonymous wrote:
@StartingOver10 wrote:
@Anonymous wrote:My CK score matches my FICO 08 scores. My FICO 08 is around 748 and CK is 758.
^^^^This is very weird. They are different algorithms from different vendors measuring different things
Mine are also pretty close, TU and EX anyway.
Vantage 3.0
TU - 800
EQ - 795
EX - 793
Fico 8
TU - 779
EQ - 754
EX - 780
Actually, Fico and VantageScore models do look at the same factors for the most part. That's why studies between the two typically have a correlation coefficient of .90 give or take .02. Of course, there are some severe outliers but, by and large they relate - although curves are quite different with VS scores typically being 20 to 30 points below Fico 08. [see paste below of Experian data based on al profiles].
My VS3 scores generally fall between my Fico 08/09 scores and Fico 04 scores.
| 3B Report Data | March 25, 2016 Scores | ||
| Cards reporting | 3 of 6 | 3 of 6 | 3 of 6 |
| Card reporting % | 50% | 50% | 50% |
| Inquiries under 12 mo | 0 | 0 | 0 |
| AG UT | 2.1% | 2.1% | 2.1% |
| Classic Scoring Model | EQ | TU | EX |
| Fico Classic 09 | 850 | 850 | 850 |
| Fico Classic 08 | 850 | 850 | 850 |
| Fico Classic 04 | 809 | 823 | 830 |
| VantageScore 3.0 | 827 | 828 | 830 |
