Has this been asked before

[Anonymous]

In your experience in the past, how close was a Vantage or FAKO Experian score to your FICO scores when they were available?  Or even if you pulled a Vantage and an LO pulled them, how close was the Experian?

[brownee]

Not sure about anyone else, but right now my Experian is 605 (according to the report the lender pulled ) and according to the Experian site it is 577.

[fused]

In the past, I had HUGE differences between my FICO scores and FAKO scores, including Vantage. Different scoring algorithms and different point scales. IMO, its really comparing apples to oranges.

[Anonymous]

In my opinion, I dont understand why Experin offers these Vantage scores if they are not even close to the scores that the lenders will pull.  It would only be of an advantage to me to get my credit report.  There should be some kind of law on selling this product under false pretenses.

[haulingthescoreup]

They make money off of them, so that's why they sell them.

I pulled my EX Vantage the other day out of curiosity, and it was 874, which is a B. My EX PLUS score is 829, which is excellent (They say, not me!) I'm reasonably certain that my EX FICO score is 5-7 points either side of 761, which is my TU score. (My TU and EX FICO's were usually relatively close, if all the accounts had updated to the same degree.)

[Anonymous]

Yeah, the scoring systems vary WIDELY on how they weight and factor credit data.

On FICO I was  "excellent" 

On Vantage I was "grade B" and "prime" being one step below "prime plus"

On PLUS I was "excellent"

On TrueCredit I was "good"

When I was at my highest FICO 814 & 810, the highest TU (TrueCredit) rated me was 743 and Experian Vantage at 739.

Right now I am waiting for all of my new accounts to report and settle out to see what the total damages were in my recent app and new account hunt

Message Edited by txjohn on 05-07-2009 05:57 AM

[Anonymous]

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@Anonymous wrote:

Yeah, the scoring systems vary WIDELY on how they weight and factor credit data.

On FICO I was  "excellent" 

On Vantage I was "grade B" and "prime" being one step below "prime plus"

On PLUS I was "excellent"

On TrueCredit I was "good"

When I was at my highest FICO 814 & 810, the highest TU (TrueCredit) rated me was 743 and Experian Vantage at 739.

Right now I am waiting for all of my new accounts to report and settle out to see what the total damages were in my recent app and new account hunt

Message Edited by txjohn on 05-07-2009 05:57 AM

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I guess I wouldnt mind so much, if my FICO scores were higher than what these other companies offered.  

Wishful thinking, hunh?  

Thanks everyone!

[llecs]

My PLUS score for EX had been over 100 points lower than my FICO when pulled on the same day (when we could). I once had a CA get removed and my EX FICO increased 58 points and my PLUS dropped 8 points. I once had a CA get added and my EX FICO dropped 103 points and my EX PLUS dropped about 50. No relation or pattern.

EX created PLUS and EX (and the other CRAs) created VantageScore and without knowing the formula, they tried their best to compete with FICO. If they ever created a formula that captures what lenders use, they'd stand to make a bunch of money. They will always try to tweak, push, and encourage lenders and consumers to use these scores. Too bad for them, their formula is way off base.