Credit.com New Scoring

[shyone44]

I just got my updates score from Credit.com, and I noticed they changed their scoring system since last month. I know it's not Fico, but do you think it's better or closer to Fico since they're now using the Vantage scores?

 

[hrguy]

Mine updated today too and I was thrown off. So basically they did away with the plus score it looks like, the big score used to be the plus, and then they gave you the vantage and estimated fico. My scores are little better than last month when they used the old system.

[hrguy]

To give you a comparison, On Wednesday my EX Fico came in at 640, and today my Credit.com came in at 630 with estimated fico at 680.

[ronsetoe]

My FICO is 715 and my estimated FICO from credit.com is 690. Not too far away but still off

[Rebuilding2010]

7 out or 10 financial institutions and 4 out of 5 mortgage lenders? Someone's pants are on fire.

[Occam]

7 out or 10 financial institutions and 4 out of 5 mortgage lenders? Someone's pants are on fire.

Not if they chose their 10 financial institutions and 5 mortgage lenders very carefully.

[Beachgal]

 

7 out or 10 financial institutions and 4 out of 5 mortgage lenders? Someone's pants are on fire.

Not if they chose their 10 financial institutions and 5 mortgage lenders very carefully.

 

 

Not only that, but we don't know what these alleged institutions are using it FOR! Testing the Vantage model? Scoring the "FICO unscorable"--using rent history, etc. Possibly using/testing it for account management as opposed to initial decisioning? If people who are declined for a CC get a letter with reference to their Vantage Score, well then it will have start to have legs. Not holding my breath for wide-scale adoption anytime soon.

[futurehomeowner?]

today was the first time that I have ever been on that site and it said I had a 680 and 695 FICO and my wife had a 688 and a 710 fico. You can see in my sig what MPM says so I would say they are not accurate for us. I wish she was over 700 but we are far from that yet.

[cv91915]

7 out or 10 financial institutions and 4 out of 5 mortgage lenders? Someone's pants are on fire.

Also remember, 1 out of 10 dentists DOES NOT recommend sugarless gum for patients who chew gum.

[BobWang]

 

Your credit file is frozen or blocked

 

We cannot generate a Credit Report Card for you at this time due

to your credit file being frozen or blocked. This occurs when the

consumer has placed a file freeze on their credit file or the

credit file has been blocked by Experian. Read about

a credit freeze or visit the Experian website to learn more.

 

 

[Rebuilding2010]

What did you do?!

 

Deja vu

[BobWang]

Experian is frozen.

 

I seem to recall being able to get a Credit.com score through a freeze in the past.

[melikey]

My score with them is 648. Estimated FICO is 690.

 

Real FICO is 688

[shrcek]

Last week I got a credit update from credit.com saying my score was 677. I applied for credit with GE Capital and got a denial letter stating that my Experian score was 677. So in my case, it was right on.

[Rebuilding2010]

Just checked. Gave me 819, FICO estimator gave me 800. I'll compare it to my PSECU score when it comes out next month.

[Jnavarro]

Lol, mine was like 490 my fako is 676

[Redskin547]

with their new model my score went up +12 to 767 and my fico estimate is 770 which I think is about 15 to 20 points higher than my real one.

[getsome]

What CRA are they using to get this score? Mine shows as a 792 and FICO estimated 790 and none of the fako scores even come remotely close to those scores. My USAA is showing 705 (EX), 646 (EQ), 715 (TU) for the same day. I suppose it could be because all my baddies are 5.5-6.5 years old and it's primarily basing it off of the last 24 months?

[futurehomeowner?]

What CRA are they using to get this score? Mine shows as a 792 and FICO estimated 790 and none of the fako scores even come remotely close to those scores. My USAA is showing 705 (EX), 646 (EQ), 715 (TU) for the same day. I suppose it could be because all my baddies are 5.5-6.5 years old and it's primarily basing it off of the last 24 months?

That is the only thing that I can think of. It seems like people who have excellent credit are getting close scores. All of my baddies are more than 5 years old and I have perfect history for the last 5 and it is scoring me close to 700 when my real fico is 600

[SomeGuyInCA]

Any similarity of a vantage score and FICO is coincidental; they are not intended to match. Vantage scores do not attempt to simulate FICO scores .

[Occam]

Any similarity of a vantage score and FICO is coincidental; they are not intended to match. Vantage scores do not attempt to simulate FICO scores .

Not to mention the fact that Credit.com's "FICO" is a FAKO.

 

So you are trying compare apples to oranges while using plastic banana as a stand in for the orange.

[petarap]

My credit.com score is 726 and it says my fico estimate is 750. I checked my FICO TU Score (Walmart) and it's 750. Credit Sesame scores me at 749.

[SomeGuyInCA]

I'm not sure of the point you are making. It's great that for you the FAKO scores and estimates trend accurately towards the real thing, but in many cases they don't. Everyone needs to understand that FAKO scores are derived from different scoring systems and in most cases those systems are not even intended to produce a score equivalent to a FICO. CS is the exception to that rule.

 

Trying to understand why FAKO and FICO don't match is like trying to figure out why a FORD part won't fit in a Toyota; the whole line of inquiry is off because the underlying assumption that they should be equivalent is flawed.

[cashnocredit]

The newer VantageScore model should be further off, statistically speaking, from FICO scores. This is a consequence of being using more granular data and if it is more predicitive. Since most people with low, but not awful, scores will not go 90 days late within 2 years improvements in scoring will raise most scores overall when the scores are normed against a default rate.

[Android01]

My Vantage 3 score is 832 whereas my PSECU FICO is 839.