Who Uses VantageScore and Who Uses FICO?
Your credit score is an important facet of your financial profile — but there’s more than just one credit score out there. FICO and VantageScore both offer credit score calculations as a way for lending institutions and individuals to measure financial health. Different institutions may prefer one or the other when deciding who to lend […]
VantageScore vs. FICO: What’s the Difference?
You may hear the terms FICO and VantageScore interchangeably when mentioning credit scores. While both companies offer a credit score based on data reported by the three main credit reporting agencies (Equifax, Experian, and TransUnion), and both scores are currently based on the same numerical scale of 300 to 850, there are differences between how the two companies […]
VantageScore & FICO: How to Fix Both Credit Scores
Misconceptions abound when it comes to improving your credit score. You’ve probably heard basic advice such as that using credit cards is good, letting bills go to collections is bad, and that if you generally borrow and spend responsibly, your credit is probably fine. But you might be sabotaging your credit score without realizing it. […]
What Is a VantageScore?
If you pay attention to financial news, you may have heard the term “VantageScore.” But what is VantageScore? Do you have one? If not, how do you get one? How is this different from a regular credit score? Here’s a closer look at this rising player in the credit scoring world. A New Credit Score […]
Who Decides My Credit Score?
Your credit score is one of the most important numbers that represents you. It influences everything from the interest rate on your credit card to the kind of home you can afford and even the ability to rent an apartment. But have you ever wondered where it comes from? Generally speaking, a credit score is an […]