Vantage 4.0 is here

[Lucifer]

Just got my first Vantage 4.0

(i know, i know - it's a FAKO)

Vantage 4.0 does not like me.    My same day, same TU score Vantage scores were:

3.0= 805

4.0= 799

What the heck.....    And I got this love letter as part of explaining my poor sub 800 score:  

"Bankcard accounts include credit cards and charge cards from a bank and are frequently revolving accounts. They allow you to carry a balance and your monthly payment will vary, based on the amount of your balance. The amount of credit you have available to use on your open bankcard accounts is low. Having higher limits gives you access to credit without seeking new loans or becoming overextended, which are triggers for higher risk."

I have over 50k in credit card love.   Are they saying I need 75k?  100k?   Are they saying I need to get rid of my low limit cards like my Cap 1 at 2k?    And as for that last sentence - I'm not agreeing with that one.  Some one can get overextending without getting new cards.

[chiefone4u]

While I don't have the answer to your question, I also noticed a big swing in score difference. TU Fico8: 705, Vantage 3.0: 605, Vantage 4.0: 535 (all refreshed same day).

For me age of accounts (AAoA: 1y8m) and utilization (12% total with highest reporting 96% -- got busy with life and forgot to pay down balances before statement cut).

[Lucifer]

Those are major difference - I would imagine there are other factors.

[gorgon]

Where did you get your Vantage 4.0 score from?

[Anonymous]

You can get it from Synchrony CC accounts now, as they've moved away from TU Fico 8 to TU VS 4.0.

[calyx]

Just refreshed to take a looksie:

TU F8: 780;  TU VS3: 755;  TU VS4: 791

The two neg reasons it gave me on VS4 were a lack of mortgage and too many INQs

[Anonymous]

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@Lucifer wrote:

Vantage 4.0 does not like me.    My same day, same TU score Vantage scores were:

3.0= 805

4.0= 799

What the heck.....    And I got this love letter as part of explaining my poor sub 800 score:  

---

A few things.  First, I wouldn't say that any score needs to be 800+ to not be considered poor.  A 6 point difference between two scoring models (3.0 vs 4.0 or any others) is extremely insignificant, so suggesting that 4.0 doesn't "like" you I feel is a bit off.  As for your credit limits and what is triggering the text you pasted, I honestly doubt that it's significant at all.  If overall credit limits of $50k vs (say) $100k impacted score 4-5 points I'd be surprised, so I definitely wouldn't focus on that as an impactful factor.   

[Anonymous]

The wording sounds like they are saying the utilization is high. I'm assuming thats not the case or you would not be hoovering around 800.

I sometimes get this with FICO too, where the reason blurbs don't match up to my account. "You don't have a mortgage" or something like that, when I do.

[Anonymous]

All the presence of a negative reason statement means is that it's impacting your score at least 1 point. 

[Anonymous]

I’m curious to see how 4.0 reacts to profile changes compared to 3.0. On 10/1 I was able to have an old derog removed from TU. F8 improved by 6 points, and VS3.0 fell by 71 points. My Synch 4.0 in my Lowe’s account was showing my VS4.0 score before this derog was deleted, so I’m looking forward to seeing it update and see whether it also reacts bass-ackwards to a deleted derog like 3.0 did, or if it reacts more realistically to what is a definite positive change to my profile.