VantageScore up 38 points, TransRisk same. Why?

[Anonymous]

After an hour of skimming the boards, I don't see anything that answers my question.

Three GEMB charge-offs fell off my EQ report some time ago, and I think they're on the verge of falling off my TU report. I checked my Credit Karma scores this morning as I do every day, and noticed something really peculiar. While my TransRisk score has remained the same, my VantageScore shot up 38 points-- the biggest leap I have seen in ages. Normally they change in tandem-- each bumping up or falling down a couple points here and there. Nothing noteworthy should have happened on my TransUnion report lately-- no big debt payoff, no mortgage account reporting. I am guessing the GEMB COs have fallen off, but I'm waiting to buy my TU report until I see a change in the TransRisk score. (On a tight budget preparing to move)

Is a lag time in changes to TransRisk and Vantage scores normal? Or should I have seen them change at the same time?

[Anonymous]

They're FAKO's (which I'm sure you know), so they're already unreliable to begin with.

There really is no pattern when it comes to comparing one to the other. You could see them both change equally all the time and then suddenly stop.

[Anonymous]

Yeah, I knew they were FAKOs and that they're not exactly reliable. It's not that I expected a corresponding spike in my FICO. More or less, I'm curious as to why Vantage Score shot up CONSIDERABLY, but TransRisk has stayed put. Normally, they fluctuate in tandem. I don't want to waste the money on a fresh TU report just yet, but I do want to pull one before I apply for an apartment for the move.

TransRisk is based on FICO loosely, right? It's been hard wading through the posts on here to find a clear answer. :/

[pizzadude]

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@Anonymous wrote:

Yeah, I knew they were FAKOs and that they're not exactly reliable. It's not that I expected a corresponding spike in my FICO. More or less, I'm curious as to why Vantage Score shot up CONSIDERABLY, but TransRisk has stayed put. Normally, they fluctuate in tandem. I don't want to waste the money on a fresh TU report just yet, but I do want to pull one before I apply for an apartment for the move.

TransRisk is based on FICO loosely, right? It's been hard wading through the posts on here to find a clear answer. :/

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There really isn't a good way to correllate FICO scores to FAKO scores.    FAKOs include items that FICO doesn't ( like inquiries over a year, multiple auto/mortgage ), and exclude items that FICO includes ( AU accounts, etc.. ).  

[Anonymous]

All of the FAKOs are loosely based on FICOs, in the sense that they are a formula to calculate a score.

Other than that, the way the different algorithims work could vary. It's hard to say without knowing what they actually calculate and what might have changed for one without changing for the other.

[rckstrscott]

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@Anonymous wrote:

All of the FAKOs are loosely based on FICOs, in the sense that they are a formula to calculate a score.

Other than that, the way the different algorithims work could vary. It's hard to say without knowing what they actually calculate and what might have changed for one without changing for the other.

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I don't think its fair to say they are loosely based in FICO -- They are not based in FICO at all in my opinion.

It is no different than saying Baseball and Basketball are loosely based on each other because they both use balls and are a sport.

I agree. Comparing any score to any other score is futile. Trying to understand the movements between two (even FICO to FICO) is futile.

-scott

[llecs]

FAKO is as FAKO does.

BTW, just this week, my Vantage increased 40. TransRisk decreased by 8. FICO remained unchanged (compared to the exact same time period). Same info. Same report. Same day.