About Vantage Score

Trying to break the monopoly of FICO scoring model used world wide for deriving credit score for consumers. Three major credit bureaus namely Equifax, Experian, and TransUnion came up with new Vintage Score model to compete with scoring model developed by FICO.

Although both scoring models use similar mathematical formula and same number of consumer parameters. Still the credit score for individual varies by few points. This could be due the fat that each credit bureau has difference in reported credit data. Also when Vintage score model was developed there was no input from FICO.

One of the major difference in both scoring model is the range of scoring categories. Vintage score model starts from 501 to 990. Each consumer is rated for Vintage credit score from 501-990. Whereas FICO scoring model rates consumers are rated from 300 to 850. Also new Vintage scoring model gives more freedom and more information to drill down into individual’s credit history.

Vintage Credit Score

901–990

801–900

701–800

601–700

501–600

How Vintage Credit score is calculated

Payment History: This covers 32 percent of total Vintage score
Credit Utilization: This covers 23 percent of total Vintage score
Credit balance: This covers 15 percent of total Vintage score
Depth of Credit: This covers 13 percent of total Vintage score.
Recent Credit: This covers 10 percent of total Vintage score.
Available Credit: This covers 7 percent of total Vintage score.

Read more about Vintage …….. Vintage Credit Score

Credit Score Websites

1. Free Credit Report

2. CreditReport.com

3. Check Credit Score

4. Experian - Bureau

5. Equifax - Bureau

6. Transunion - Bureau

6. About Credit Score

Identity Theft Complaints

1. FTC - Govt.

2. SSA - Govt.

Credit Reporting Agencies

1. Experian

2. Equifax

3. Transunion