Vantage Score was create and launch in 2006 by the three major credit bureau‘s to compete directly with the FICO score. It has not supplanted FICO, but many of the free credit websites such as NerdWallet and Credit Karma use this score. In my opinion, it is not really comparable to FICO as it has many different criteria and the scores are sometimes 50 to 100 points off the FICO.
Additionally, the score goes all the way to 990 so a 720 on Credit Karma is not reflective of the same score on a FICO model.
Vantage Score Range
| Grade | Score Range |
|---|---|
| A | 901–990 |
| B | 801-900 |
| C | 701–800 |
| D | 601–700 |
| F | 501–600 |
Vantage Credit Score
The actual scoring algorithm is the same for all three credit bureaus. Keep in mind, the data inside the report will slightly vary from report to report, so this could create a change in the score you see.
Below are the scoring factors your Vantage score is based on:
| Rating Factor | Description | Weight |
|---|---|---|
| Payment History | Are you on time? Do you have any late payments? | 32% |
| Credit Utilization | This is your debt to credit limit available. | 23% |
| Credit Balances | Total credit card balances. | 15% |
| Depth of Credit | This is your length of credit history. | 13% |
| Recent Credit | Related to how many recent hard inquiries on your credit report. | 10% |
| Available Credit | How much credit do you have in general? | 7% |
This article was last updated on December 26, 2022