VantageScore vs. FICO: Understanding Different Scoring Models

VantageScore vs. FICO: Understanding the Differences

VantageScore was created collaboratively by the three major credit bureaus as an alternative to FICO. While both models assess credit risk, they have some differences.

Scoring Ranges

Both VantageScore 3.0/4.0 and FICO use a 300-850 range, making them directly comparable.

Factor Weighting Differences

VantageScore groups factors slightly differently than FICO, though payment history and credit utilization remain the most important factors in both models.

Minimum Scoring Requirements

VantageScore can generate scores with less credit history than FICO requires, potentially benefiting consumers with limited credit files.

Which Score Do Lenders Use?

FICO remains the dominant model in lending decisions, though some lenders use VantageScore. Many free credit monitoring services provide VantageScore rather than FICO.

Why Your Scores May Differ

Even when using the same data, FICO and VantageScore may produce different scores because they weigh factors differently and use different algorithms. Educational Disclaimer: This information is educational only.