Comments on: TransUnion VantageScore Credit Score: NOT A FICO Score http://www.thesunsfinancialdiary.com/credit-report/transunion-vantagescore-credit-score-and-whats-different-from-fico-score/ Sat, 21 Nov 2009 20:14:32 -0800 http://wordpress.org/?v=2.8.6 hourly 1 By: Joshua Huber http://www.thesunsfinancialdiary.com/credit-report/transunion-vantagescore-credit-score-and-whats-different-from-fico-score/comment-page-1/#comment-61070 Joshua Huber Mon, 19 Oct 2009 17:32:36 +0000 http://www.thesunsfinancialdiary.com/credit-report/transunion-vantagescore-credit-score-and-whats-different-from-fico-score/#comment-61070 Willard, True that bad things sometimes happen to good people, but if someone has bad luck or gets disabled, they won't likely default if they are strong financially: low debt, 50% equity in their home, $25,000+ in savings/investments. Sure, the disability money is not a lot and you might have to wait months or years to ever get it, but if you have a good financial cushion, you can weather it. On the other hand, someone with no savings or equity, high revolving credit balances, and a few missed/late payments, is someone teetering on the edge of bankruptcy. That kind of person might stay afloat paycheck-to-paycheck as long as he keeps his job and his health, but with no safety net (savings) and all those revolving balances demanding feeding every month, a 6 or 9 month disability could push him into the dire condition where he defaults on his obligations. I've been there -- not fun. Willard,

True that bad things sometimes happen to good people, but if someone has bad luck or gets disabled, they won’t likely default if they are strong financially: low debt, 50% equity in their home, $25,000+ in savings/investments. Sure, the disability money is not a lot and you might have to wait months or years to ever get it, but if you have a good financial cushion, you can weather it.

On the other hand, someone with no savings or equity, high revolving credit balances, and a few missed/late payments, is someone teetering on the edge of bankruptcy. That kind of person might stay afloat paycheck-to-paycheck as long as he keeps his job and his health, but with no safety net (savings) and all those revolving balances demanding feeding every month, a 6 or 9 month disability could push him into the dire condition where he defaults on his obligations. I’ve been there — not fun.

]]> By: willard mccann http://www.thesunsfinancialdiary.com/credit-report/transunion-vantagescore-credit-score-and-whats-different-from-fico-score/comment-page-1/#comment-60880 willard mccann Sun, 13 Sep 2009 10:05:53 +0000 http://www.thesunsfinancialdiary.com/credit-report/transunion-vantagescore-credit-score-and-whats-different-from-fico-score/#comment-60880 how do the they predict went you lose a young child, or becoming disabled to where you can't work anymore and it takes 2 years to go through the paperwork to be able to get a check? Sometimes bad things happen to good people. how do the they predict went you lose a young child, or becoming disabled to where you can’t work anymore and it takes 2 years to go through the paperwork to be able to get a check? Sometimes bad things happen to good people.

]]> By: Credit Score Types and Score Rages http://www.thesunsfinancialdiary.com/credit-report/transunion-vantagescore-credit-score-and-whats-different-from-fico-score/comment-page-1/#comment-57706 Credit Score Types and Score Rages Thu, 14 May 2009 17:37:29 +0000 http://www.thesunsfinancialdiary.com/credit-report/transunion-vantagescore-credit-score-and-whats-different-from-fico-score/#comment-57706 [...] into five grades, from “A” to “F” which “A” being the best. VantageScore is available from TransUnion and [...] [...] into five grades, from “A” to “F” which “A” being the best. VantageScore is available from TransUnion and [...]

]]> By: Mike Deslauriers http://www.thesunsfinancialdiary.com/credit-report/transunion-vantagescore-credit-score-and-whats-different-from-fico-score/comment-page-1/#comment-43701 Mike Deslauriers Sun, 24 Aug 2008 23:15:02 +0000 http://www.thesunsfinancialdiary.com/credit-report/transunion-vantagescore-credit-score-and-whats-different-from-fico-score/#comment-43701 Yeah, by converting your Vantage Score to a FICO score, you should have a FICO of 767. If your FICO is 789 then your Vantage score should be 935.76. The Vantage score gives you a loss of about 4.04.% I have done my own which is a 887 Vantage Score which converts to a FICO of 734. However, I know that my FICO is 789, meaning my Vantage Score should be 935!!. This gives me a loss off my FICO score of almost 10%!!!! I have seen tons of posts online. IN NOT ONE CASE has anyone's Vantage Score been an increase over their FICO score after doing out the math. THIS MEANS EVERYONE GETS SCREWED!!!!!!! I know this system is supposed to rate differently, but it is rating more critical of EVERYONE I have seen posting their scores!! This means higher interest rates for everyone in a already receding economy!! Isn't this criminal?!?!?!? Yeah, by converting your Vantage Score to a FICO score, you should have a FICO of 767. If your FICO is 789 then your Vantage score should be 935.76. The Vantage score gives you a loss of about 4.04.%

I have done my own which is a 887 Vantage Score which converts to a FICO of 734. However, I know that my FICO is 789, meaning my Vantage Score should be 935!!. This gives me a loss off my FICO score of almost 10%!!!!

I have seen tons of posts online. IN NOT ONE CASE has anyone’s Vantage Score been an increase over their FICO score after doing out the math. THIS MEANS EVERYONE GETS SCREWED!!!!!!!

I know this system is supposed to rate differently, but it is rating more critical of EVERYONE I have seen posting their scores!! This means higher interest rates for everyone in a already receding economy!!

Isn’t this criminal?!?!?!?

]]> By: TransUnion Settlement to Let You Get Free Credit Score http://www.thesunsfinancialdiary.com/credit-report/transunion-vantagescore-credit-score-and-whats-different-from-fico-score/comment-page-1/#comment-42646 TransUnion Settlement to Let You Get Free Credit Score Sat, 31 May 2008 15:41:23 +0000 http://www.thesunsfinancialdiary.com/credit-report/transunion-vantagescore-credit-score-and-whats-different-from-fico-score/#comment-42646 [...] TransUnion’s proprietary score, which uses a difference scale than FICO score (could it be VantageScore which ranges from 501 to 990?). But still a free service won’t hurt, especially for those who [...] [...] TransUnion’s proprietary score, which uses a difference scale than FICO score (could it be VantageScore which ranges from 501 to 990?). But still a free service won’t hurt, especially for those who [...]

]]> By: arpdtg http://www.thesunsfinancialdiary.com/credit-report/transunion-vantagescore-credit-score-and-whats-different-from-fico-score/comment-page-1/#comment-40876 arpdtg Sat, 23 Feb 2008 20:18:36 +0000 http://www.thesunsfinancialdiary.com/credit-report/transunion-vantagescore-credit-score-and-whats-different-from-fico-score/#comment-40876 I might be wrong, but when I seen your FICO converted score of 789 from your VS score of 916, something didn't seem right because I had a VS of 937, yet only a 782 FICO. If you look at a score of 916 in a range of 501 to 990, that puts you at the 85th percentile. Translating that to the FICO range of 300 to 850, that would convert to about 768. When I used that same approach for my VS 937(89th percentile), I got a 789, reasonably close to my equifax FICO score of 782. So all in all, perhaps 20 points isn't significant. But hey, I'm an engineer, I can't help it. Besides, you asked what 2+2 equals! It's always been 4 to me, but unfortunately to some, it equals 96, thanks to the greed of the dot com era(which ended in dot-bomb!), and the sub-prime meltdown with NINJNA loans (no income, no job, no assests) persuading people thinking they can afford a half-million dollar home and cash out the equity to boot when the value will suredly increase(in a bubble market - NOT!). It was refreshing to see that you're striving for 20% down on your next home - best of luck. I might be wrong, but when I seen your FICO converted score of 789 from your VS score of 916, something didn’t seem right because I had a VS of 937, yet only a 782 FICO. If you look at a score of 916 in a range of 501 to 990, that puts you at the 85th percentile. Translating that to the FICO range of 300 to 850, that would convert to about 768. When I used that same approach for my VS 937(89th percentile), I got a 789, reasonably close to my equifax FICO score of 782. So all in all, perhaps 20 points isn’t significant. But hey, I’m an engineer, I can’t help it. Besides, you asked what 2+2 equals! It’s always been 4 to me, but unfortunately to some, it equals 96, thanks to the greed of the dot com era(which ended in dot-bomb!), and the sub-prime meltdown with NINJNA loans (no income, no job, no assests) persuading people thinking they can afford a half-million dollar home and cash out the equity to boot when the value will suredly increase(in a bubble market – NOT!). It was refreshing to see that you’re striving for 20% down on your next home – best of luck.

]]> By: Information Web Net » Blog Archive » TransUnion VantageScore Credit Score and What’s Different from … http://www.thesunsfinancialdiary.com/credit-report/transunion-vantagescore-credit-score-and-whats-different-from-fico-score/comment-page-1/#comment-37900 Information Web Net » Blog Archive » TransUnion VantageScore Credit Score and What’s Different from … Fri, 01 Feb 2008 03:08:10 +0000 http://www.thesunsfinancialdiary.com/credit-report/transunion-vantagescore-credit-score-and-whats-different-from-fico-score/#comment-37900 [...] Here’s an interesting post I found today.Have a look for your self, Here’s an excerpt, please read the full story at the blogAccording to Wikipedia, VantageScore was created by the three leading credit bureaus, Experian, Equifax, and TransUnion, to compete with FICO score, the dominant player in the credit score business. VantageScore was launched on March 16 … [...] [...] Here’s an interesting post I found today.Have a look for your self, Here’s an excerpt, please read the full story at the blogAccording to Wikipedia, VantageScore was created by the three leading credit bureaus, Experian, Equifax, and TransUnion, to compete with FICO score, the dominant player in the credit score business. VantageScore was launched on March 16 … [...]

]]> By: » TransUnion VantageScore Credit Score and What’s Different from … http://www.thesunsfinancialdiary.com/credit-report/transunion-vantagescore-credit-score-and-whats-different-from-fico-score/comment-page-1/#comment-35519 » TransUnion VantageScore Credit Score and What’s Different from … Sun, 20 Jan 2008 18:22:20 +0000 http://www.thesunsfinancialdiary.com/credit-report/transunion-vantagescore-credit-score-and-whats-different-from-fico-score/#comment-35519 [...] Memphis Apartments wrote an interesting post today onHere’s a quick excerptEvery January, May, and September is free credit report time for us and we have been getting one credit report for free every four months from one of the three credit bureaus for many years, well before the law that made everybody … [...] [...] Memphis Apartments wrote an interesting post today onHere’s a quick excerptEvery January, May, and September is free credit report time for us and we have been getting one credit report for free every four months from one of the three credit bureaus for many years, well before the law that made everybody … [...]

]]> By: Health Insurance Companies Suck - Personal Finance Review » Money Smart Life http://www.thesunsfinancialdiary.com/credit-report/transunion-vantagescore-credit-score-and-whats-different-from-fico-score/comment-page-1/#comment-34583 Health Insurance Companies Suck - Personal Finance Review » Money Smart Life Mon, 14 Jan 2008 04:36:35 +0000 http://www.thesunsfinancialdiary.com/credit-report/transunion-vantagescore-credit-score-and-whats-different-from-fico-score/#comment-34583 [...] Sun gives a comparison of the TransUnion VantageScore Credit Score compares it to the FICO score, The Digerati Life has 5 Hot Tips for First Time Investors, and [...] [...] Sun gives a comparison of the TransUnion VantageScore Credit Score compares it to the FICO score, The Digerati Life has 5 Hot Tips for First Time Investors, and [...]

]]> By: Friday Finance Findings For January 11th : Generation X Finance http://www.thesunsfinancialdiary.com/credit-report/transunion-vantagescore-credit-score-and-whats-different-from-fico-score/comment-page-1/#comment-34302 Friday Finance Findings For January 11th : Generation X Finance Sat, 12 Jan 2008 02:05:20 +0000 http://www.thesunsfinancialdiary.com/credit-report/transunion-vantagescore-credit-score-and-whats-different-from-fico-score/#comment-34302 [...] The Difference Between VantageScore and FICO - TransUnion has a credit score called VantageScore, and The Sun takes a look at how the scores differ. [...] [...] The Difference Between VantageScore and FICO – TransUnion has a credit score called VantageScore, and The Sun takes a look at how the scores differ. [...]

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