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/ Fri, 03 Feb 2012 17:42:24 +0000 hourly 1 http://wordpress.org/?v=3.3.1 By: UKYCatshttp://www.thesunsfinancialdiary.com/credit-report/transunion-vantagescore-credit-score-and-whats-different-from-fico-score/#comment-61293 UKYCats Wed, 25 Nov 2009 00:33:14 +0000 http://www.thesunsfinancialdiary.com/credit-report/transunion-vantagescore-credit-score-and-whats-different-from-fico-score/#comment-61293 I really have nothing else to add except thanks for the clarification. I had a score of 911 and that seemed strange to me. I really have nothing else to add except thanks for the clarification. I had a score of 911 and that seemed strange to me.

]]> By: Joshua Huberhttp://www.thesunsfinancialdiary.com/credit-report/transunion-vantagescore-credit-score-and-whats-different-from-fico-score/#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 mccannhttp://www.thesunsfinancialdiary.com/credit-report/transunion-vantagescore-credit-score-and-whats-different-from-fico-score/#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: Mike Deslauriershttp://www.thesunsfinancialdiary.com/credit-report/transunion-vantagescore-credit-score-and-whats-different-from-fico-score/#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: arpdtghttp://www.thesunsfinancialdiary.com/credit-report/transunion-vantagescore-credit-score-and-whats-different-from-fico-score/#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.

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