CK vs myFICO

[Anonymous]

When looking at my credit score and accounts which report should I honor more. On myFICO, my scores are almost 100+ than CK. Thank you in advance and sorry if this is a repeat question! 

[Anonymous]

Hmmmm. Interesting. Often CK scores are way higher than FICO scores. I think CK artificially raises scores to make its customers feel better. But that's pure opinion and speculation on my behalf. Having said that, one important distinction is that CK uses the Vantage 3.0 scoring model, which almost no lenders use; and MyFICO uses actual FICO scores, which almost all lenders use. 

[Anonymous]

GatorsFan15, thank you for your reply!  That makes sense!!

[SouthJamaica]

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@Anonymous wrote:

When looking at my credit score and accounts which report should I honor more. On myFICO, my scores are almost 100+ than CK. Thank you in advance and sorry if this is a repeat question! 

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The scores on CK are Vantage scores, which are rarely used by any lender. IMHO they are meaningless.

[Girlzilla88]

Some still use Vantage I think Synchrony is the main one to use them but most will go by FICO and to be honest my FICO are about 100 over the CK so that isn't a concern either.

[donkort]

I would use FICO over Vantage to assess my true creditworthiness.

[Anonymous]

Thanks for all the feedback everyone. This leads to my next question pf is FICO 8 more important than FICO 9 or are they equally important and used across lenders. 

[dragontears]

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@Anonymous wrote:

Thanks for all the feedback everyone. This leads to my next question pf is FICO 8 more important than FICO 9 or are they equally important and used across lenders. 

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They are not equally used across all lenders (no score model is). If a lender uses FICO 8 then FICO 9 scores don't matter to that lender and vis versa.

FICO 8 is still more widely used than FICO 9 but there are still lenders that use older models. 

For posting  sake, on this forum most people list FICO 8 scores. 

[Phana24]

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@Girlzilla88 wrote:

Some still use Vantage I think Synchrony is the main one to use them but most will go by FICO and to be honest my FICO are about 100 over the CK so that isn't a concern either.

Girlzilla is correct, Synchrony does use Vantage 3.0.  I monitor both FICO and Vantage scores, and while they trend in the same direction, like most people here, I generally have about 30-40 additional points on Vantage vs. FICO.  The only reason I care about Synchrony is they do have the PayPal card, which makes buying off EBay easier.  They have one of the better cashback cards at 2%.

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[Trudy]

CK is valuable because you see the activity on your account weekly for free.  Several have already stated how few use that score model.  

Side note, Synchrony uses Vantage 4.  For me, they are currently the same but have a different formula so it could be different.