Just signed on to Credit Karma and discovered that they have added Equifax report and score. And the score is VantageScore 3. All the other scores, like home insurance and auto insurance scores are gone.
I wish CK scores were not FAKOs. My TransUnion VantageScore went up 85 points in the past month! By Comparison, FICO score, as reported by MyFICO, went up 26.
@crrredit wrote:Just signed on to Credit Karma and discovered that they have added Equifax report and score. And the score is VantageScore 3. All the other scores, like home insurance and auto insurance scores are gone.
I wish CK scores were not FAKOs. My TransUnion VantageScore went up 85 points in the past month! By Comparison, FICO score, as reported by MyFICO, went up 26.
The Vantage Score is more of a score than the previous TU New Accounts Model, there are some lenders who do use it to approve credit lines.
I checked monday and my CK was TU only. I just checked again and I have both TU and EQ.
My TU Vantage 3 is 1 point lower than my TU Fico 08 (711 vs 712). Thats the closest its ever been.
So now i guess i have to start a new Chart
@elim wrote:I checked monday and my CK was TU only. I just checked again and I have both TU and EQ.
My TU Vantage 3 is 1 point lower than my TU Fico 08 (711 vs 712). Thats the closest its ever been.
So now i guess i have to start a new Chart
Interesting that your FICO is higher than CK. My CK is always way higher than FICO. I figured that CK reported a higher score to help increase applications to their sponsor's cards.
@gdale6 wrote:
@crrredit wrote:Just signed on to Credit Karma and discovered that they have added Equifax report and score. And the score is VantageScore 3. All the other scores, like home insurance and auto insurance scores are gone.
I wish CK scores were not FAKOs. My TransUnion VantageScore went up 85 points in the past month! By Comparison, FICO score, as reported by MyFICO, went up 26.
The Vantage Score is more of a score than the previous TU New Accounts Model, there are some lenders who do use it to approve credit lines.
Ah Ha! This might explain the difference for me. I have 2 collection accounts that are paid in full. This is from the CK explanation of Vantage Score 3:
Collections accounts that have been reported as paid in full will no longer factor into your VantageScore calculation. While paid collections accounts can still remain on your report for up to seven years, the decision to not count them in the VantageScore 3.0 model remains a big deal. With this new model, consumers trying to move forward from past mistakes with debt won't be quite so burdened on a score level, at least.
OK, one more observation. While my FICO scores are 100 points lower than Vantage Scores, they both are rated about the same. Right on the border line of Poor/Fair.