Fico vs vantage 3.0

[Anonymous]

What are your vantage scores really good for if lenders really only use fico scores also why are my fico scores alot higher I've heard it's usually the other way around just curious thanks for any feedback.

[FlaDude]

There are a variety of companies that create models for credit scoring (not just FICO and Vantage), they are all competing against each other just like competitors in any other business. FICO has the lion's share of the market, but the others are hoping to chip away and increase their own revenue providing scores.

I've found Vantage to be a lot more sensitive to UTI, at one point (several maxed out cards and high overall UTI) mine were close to 100 points below my FICO, now they are pretty close (within 10-20 points).

[Anonymous]

Interesting thanks for your feedback my overall UTI is at 5% and I got a good 70 point difference on my vantage vs my fico score

[Caardvark]

They are not good for anything beyond entertainment value. 

That said, the reports available through sites like Credit Karma or WalletHub are valuable; just ignore the scores.

[expatCanuck]

In my experience, VS seems to be more mercurial than FICO, particularly with changes in utilization (as was noted) and inquiries.

Other than as a barometer showing variance with a steady known state, probably not much value, unless you know that a service you want is using the Vantage score.

[Anonymous]

Out of curiosity I decided to check my "Accurate" Fico8 scores on Experian, and I was a bit surprised at the difference. I've just been going on what KK states it is, but their info is very different than what I expected. Such as AAOA as 5.3 @ Experian versus 2.9 @ KK. 

Scores EX 805, EQ 795, TU 796. while KK has EQ at 759 and TU at 745.  Thay also gave other Fico 2 & 3 scores ranging in the mid  to high 700s. I'm guessing that Fico2 @ 771 is my Mortgage score?

I knew KK was off/different than Fico8, but I only used them for monitoring anyways. Here i was thinking I had a borderline scores, nice to know that 800 is closer than I thought.

[Anonymous]

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@Anonymous wrote:

Such as AAOA as 5.3 @ Experian versus 2.9 @ KK. 

Scores EX 805, EQ 795, TU 796. while KK has EQ at 759 and TU at 745.  Thay also gave other Fico 2 & 3 scores ranging in the mid  to high 700s. I'm guessing that Fico2 @ 771 is my Mortgage score?

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5.3 years is your actual AAoA, which is the average age of all your accounts on your CR, whether they are open or closed.  This is the number that FICO scoring models considers.  The 2.9 years you are seeing from CK's fluff front-end software is very misleading, as it is only calculating your open accounts and not including the closed ones on your CR.  You can ignore all of that fluff from CK, as it can only serve to confuse and mislead you.