Vantage vs. FICO… Who’s the heavyweight?

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In 2006, the original VantageScore Model was released in hopes of outshining FICO. VantageScore 3.0 is the current model, and most creditors and lenders still use FICO instead. Some of you may have seen your VantageScore, and thought, “Wow! That’s a lot better than my FICO score! Why can’t lenders go off of that??” Well, that’s because VantageScore doesn’t work the same way, and lenders want to know certain things. They now work off of the same scoring model, (300-850) but what about late payments, and other factors? Today I’ll explain the major differences so you’re informed and can impress friends at your next social event.

The requirements to even have a FICO score say you must have a minimum of six months of history, and at least one account reported in the past six months. That is why one in ten Americans don’t actually have a FICO score, that’s 45 MILLION Americans. VantageScore, however, only require one month of history and an account reported to the CRA (Credit Reporting Agencies) within the past two years.

FICO treats late payments on types of credit like mortgages or credit cards pretty much the same, while VantageScore places a higher weight on mortgages than other types. This means a late payment on your mortgage can affect your VantageScore more than your FICO score.

If you’ve ever gone to get an auto loan, you may have noticed multiple inquiries after applying. This occurs when the dealership sends your application out to multiple lenders to see a) who approves you, and b) if anyone offers better rates. Both FICO and VantageScore do what’s called “deduplication”, basically not counting all of the inquiries separately, but they don’t use the same methods. FICO uses a 45 day span, and VantageScore only a 14 day span. The types of applications they apply this to is also different, FICO only uses this for auto loans, mortgages, and student loans. VantageScore applies this to all types of credit, including cards.

The last difference we’ll go over is the affect of collection accounts on both. FICO 8, (which is not used by all lenders and creditors yet,) ignores any collection account where the original amount was less than $100, VantageScore 3, ignores any paid collection account.

In conclusion, VantageScore is more consumer-friendly, but that doesn’t mean much if that’s not what creditors and lenders are using. The biggest thing to remember is that no matter which score is being used, on-time payments are the most important thing to any creditor or lender. For more information on what you can do to help your credit meet the guidelines to not only get you a loan, but better rates and make your credit work for you, call or click today! 1-888-682-3455 or


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