Vantage Score – New Credit Scoring Method

Consumer reporting agencies may be providing you with a different scoring model than the traditional “FICO Score” they have used prior to 2010. A new scoring model, known as Vantage, is available and may create confusion when you get your score if you don’t pay attention to whether it is a FICO score or Vantage. The confusion is due in part to the range difference. A FICO score ranged from 300 to 850. A Vantage score can range from 501 to 990. If you see an unexpected increase in your score, check to see if it is simply because you are looking at a Vantage score rather than a FICO score.