Fatheroffour wrote:My mortgage broker laughed at the Vantage 3.0 score. Said to forget about it.
Reading the CK forums, most seemed to complain that the new scoring system showed their score as significantly less that their true FICO score. My CK Vantage score was about 35 points higher than FICO.
There is no correlation between the scores.
That's whats so messed up. Now you have to shop loans by the way they score or run the risk o f paying a higher % or losing all together. Hate Credit scores.
Credit is one of my hobbies so I throughly monitor my reports and am always watching my scores. CK is usually on the money when it comes to Equifax (EQ) and TransUnion (TU) reports.
There are a number of ways to receive free real FICO scores. The Walmart credit card provides free TU scores around the 10th of each month. Discover now provides Experian (EX) scores to people that don't have their credit card (https://creditscorecard.com
). Barclay provides TU scores to their cardholders every 2 months. A lot of banks provide scores. For example, Digital Credit Union (DCU - great bank to work with) provides EQ scores on the last Friday of each month. This is the EQ04 version. 08 is the newest version but some lenders like them use the 04. If you want to pay for your report and also receive your score, myFICO (https://www.myfico.com
) is a good place to do that. That website has a very good forum that is a treasure trove of knowledge. There are a lot of very helpful people there and topics cover most things that are credit related. I've learned a lot there over the years.