Credit Rating Scale - FICO score Versus VantageScore

In March 2006, the three credit bureaus announced a new credit scoring system used is called VantageScore. This is the fight against Fair Isaac's industry giants and their scoring model the FICO score. VantageScore with a lot of publicity, but in the media and consumers are not creditors, is primarily ideological and give credit

One difference is that credit score scale. FICO scores use the scale of credit scoreBegins at 300 up to 850 using the VantageScore credit score scale, in the start-up and 501 to 990, the FICO scale of 550, compared with, 489 Vangtage area if major credit bureau also assigned a class with their credit score scale.

* 501 Zhi 600 F to 601 credit rating credit rating 700Ḏ rating of 701-800 ° C 801-900 B 901-990 ratingRatings

With this intention, the office, you can specify a post. There is a limited number of classes and VantageSore credit card. The FICO scores, different levels and split further if the population compared with VantageScore.

It can also be in your assessment of the reform, depending on the credit score table. You may need to Fair Isaac's credit rating, but a "C" using VantageScore.

TheDifferences in the results, describing the score. With a FICO score, there is for the development of your FICO score over five different variables. With the VanatageScore have six, rather than in the FICO score, including the provision of credit, is not in your FICO score a major factor, but the other five.

These two different credit rating scale have the same approach is best, but some things are different.It is hard to say what is waiting in various fields to further difficult to determine because the two approaches are not released to the public.

In the credit bureaus have their own work to do them, if they do not even want to take a small part of the credit score market. Fair Isaac Corporation has in the industry since 1950, is used as the standard. Another factor to consider is that in the use of mortgage FICO score. As this is the standardSold on the secondary market for mortgages, it will be long and difficult struggle as the struggle against the amendment VantageScore beam.