07-25-2007 05:27 PM
07-25-2007 05:31 PM
Wells Fargo uses them! Oh no! How did you find this out?
ficohelp wrote:Thank you both. This information is very helpful. I have done research on Vantage Score and now I want to get one. I am curious as to what mine will be...Wells Fargo uses them.
07-25-2007 06:07 PM
07-25-2007 06:12 PM
Actually, I believe they look at the full seven years with a greater emphasis on the most recent two years.
I think it will be quite sometime before the vantage scoring models are widely used. I would focus on getting FICO scores up. Besides, if one has a good FICO score then any other score models should be comparable.
In terms of Vantage scoring I hear that it only counts the last 24months of account history. Which can be great if the last two years had near perfect payment hisotry.
07-26-2007 06:08 AM
myFICO is the consumer division of FICO. Since its introduction 20 years ago, the FICO® Score has become a global standard for measuring credit risk in the banking, mortgage, credit card, auto and retail industries. 90 of the top 100 largest U.S. financial institutions use the FICO Score to make consumer credit decisions.>> About myFICO