Vantage score 100 pts higher than FICO?

[AlanGJP]

I recently started paying down all of my cards and noticed my Vantage score is now in the 720+ range. However, my FICO is in the 620-630 range. Is this normal? Does it take a bit longer for my FICO to notice the difference and update? I don't have any major purchases coming up, just trying to build credit. Thanks!

[AlanGJP]

I'm basing these off CreditKarma and MyFico subscription.

[Jnbmom]

FICO and vantage are completely different scoring systems. Your FICO is not going to "catch up" to your VS.

Most  all lenders rely on FICO so that's the scores you should be worried about .

[AlanGJP]

Some clarification then. Three or four of my eleven cards were over 80% (I use them for my business, just hadn't paid them off - wasn't a big deal. Multiples were in the 20-30% range. I've paid off all, but a tiny balance remains on two of them. My FAKO (Vantage) jumped over 100 pts a couple days ago, but my FICO scores haven't changed at all yet. (Not even a point or two) My alerts on myfico show balance changes, but no FICO impact at all.

That said, how accurate is the simulator then? As simulating exactly what I'd paid results in a 50-70 pt jump in my scores. Should I completely ignore this "simulation" and assume I'm stuck for now? This is all very confusing if making big changes such as this have zero impact on my FICO but my Vantage jumps dramatically.

[coldfusion]

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@AlanGJP wrote:

I recently started paying down all of my cards and noticed my Vantage score is now in the 720+ range. However, my FICO is in the 620-630 range. Is this normal? Does it take a bit longer for my FICO to notice the difference and update? I don't have any major purchases coming up, just trying to build credit. Thanks!

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The algorithms are different.  Not only can the scores be significantly different between the 2 scores with the exact same data; changes that would have little or no impact on a FICO 8 score can cause a Vantage score to swing wildly.

It's not all that unusual to have a close to 100 point difference between ones FICO 8 and Vantage 3.0 scores although you're one of the very few people I've seen with that large a gap where Vantage were the higher scores. 

[AlanGJP]

Right, but the oddity to me (and what I should have pointed out in my original post) was that they were both very close before the last two cards I had reported. Approx 620 vs 640 (now 720). While my Vantage had a huge jump, my FICO had none. Not even one point. Utilization on both cards went from about 80% to 10% (less on one of the two).

Further, as mentioned above myFICO's simulator had me making a rather large jump by reducing my debt by the amount I paid.

Just odd to me. :/

[Iusedtolurk]

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@AlanGJP wrote:

Right, but the oddity to me (and what I should have pointed out in my original post) was that they were both very close before the last two cards I had reported. Approx 620 vs 640 (now 720). While my Vantage had a huge jump, my FICO had none. Not even one point. Utilization on both cards went from about 80% to 10% (less on one of the two).

Further, as mentioned above myFICO's simulator had me making a rather large jump by reducing my debt by the amount I paid.

Just odd to me. :/

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Even though changes that affect Vantage don't always affect Fico and vice-versa it would seem that going from 80% to 10% would have had some impact to your Fico scores.

Perhaps Fico has not updated yet.

Even though score increases and decreases are profile specific (unique to Your profile) it still seems to me some movement should have occurred.

In my experience every time my Vantage moves so does my Fico just not with the same points.

[FlaDude]

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@AlanGJP wrote:

That said, how accurate is the simulator then? As simulating exactly what I'd paid results in a 50-70 pt jump in my scores. Should I completely ignore this "simulation" and assume I'm stuck for now? This is all very confusing if making big changes such as this have zero impact on my FICO but my Vantage jumps dramatically.

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Score simulators are notorious inaccurate. My experience is that Vantage is a lot more volatile and has much larger changes (both up and down) on the same information. As others mentioned, just as different FICO models have different algoriths, so does Vantage and probably don't weigh the same factors as heavily as each other. Vantage has not been studied on this forum to the extent that FICO has, but Vantage appears to not factor in closed accounts in aging, and it appears to me that derogs may not count for 7 years as they do on FICO. Factors like UTI % should at least move both in the same direction, but not necessarily the same amount.

[Anonymous]

This is just a thought, but maybe they are on different update schedules. I don't use the myfico credit tracker bc I use experian, but I think credit karma shows updates faster. Whenever your Fico scores update you may see the change. From everything I have heard fico is higher than vantage? I'm not sure tho. 

[Anonymous]

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@AlanGJP wrote:

Some clarification then. Three or four of my eleven cards were over 80% (I use them for my business, just hadn't paid them off - wasn't a big deal. Multiples were in the 20-30% range. I've paid off all, but a tiny balance remains on two of them. My FAKO (Vantage) jumped over 100 pts a couple days ago, but my FICO scores haven't changed at all yet. (Not even a point or two) My alerts on myfico show balance changes, but no FICO impact at all.

That said, how accurate is the simulator then? As simulating exactly what I'd paid results in a 50-70 pt jump in my scores. Should I completely ignore this "simulation" and assume I'm stuck for now? This is all very confusing if making big changes such as this have zero impact on my FICO but my Vantage jumps dramatically.

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Simulators are for entertainment purposes. I woupd not take the score realuzations they give to heart.

The simulators show me that if I pay all my bills for any period of time, my scores will decrease and keep decreasing the longer I make on-time payments!

The simulator also shows me that if I let all my accounts go delinquent, I could have a very large score increase and the longer I let them go delinquent (even CO), the higher my scores will be! Upwards of a 92pt score gain!

Of course both scenarios and score realizations are absolute garbage and neither if those thing would cause those changes to my scores. So again, I would not rely on "simulators" to guide you too much!