What is a VantageScore?
There are hundreds of credit scoring models, but the main scoring models that are used by 90% of lenders are FICO Score® and VantageScore®. [i]
VantageScore is a credit scoring model collaboratively developed by the three major credit bureaus Experian, Equifax, and TransUnion. Just like FICO, VantageScores range between 300 and 850.
VantageScores weigh a variety of factors to determine your credit score:
- Most influential: Payment history
- Highly influential: Age and type of credit, percent of credit limit used
- Moderately influential: Total balances and debt
- Less influential: Recent credit behavior and inquiries, available credit
[i] http://blog.credit.com/2015/01/fico-vantagescore-107383/
Articles in this section
- How do I correct inaccuracies on my credit report?
- How do I obtain a free copy of my credit report?
- How do I sign up for Credit Health?
- How does Credit Health calculate my credit score?
- How long does it take for my credit score to change?
- How often is my information updated?
- I am seeing errors when I access Credit Health, what do I do?
- I logged in and enrolled in Credit Health, but cannot access my score, what do I do?
- What is a VantageScore?
- What is the Path to Approval program?