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New Visitor
jamaicaqueen
Posts: 1
Registered: ‎05-23-2007

fico/vantage scoring system

 fico scoring system uses a score of 300-850, meanwhile vantage uses a score of 500- to 990 what really is the difference? whatever category it falls under for fico it should be in the same range for vantage. Secondly are creditors using myfico to determine our creditworth/vantage or both? can someone answer this question?  
Moderator Emeritus
Tuscani
Posts: 6,182
Registered: ‎03-29-2007

Re: fico/vantage scoring system

Senior Contributor
ilovepizza
Posts: 3,071
Registered: ‎05-17-2007

Re: fico/vantage scoring system

While both are vehicles to determine scores, Vantage is like a boat and FICO is like a car. You can only use one of them on the credit hi-way because lenders like concrete!
If we never set higher goals we would never get as far.
sol, credit 101, acr, abbreviations, calc
Valued Member
mborgens
Posts: 33
Registered: ‎08-10-2007

Re: fico/vantage scoring system

I love vantage. I know I'll never get a 850 fico score, but I did just pull a 990 vantage score! Your VantageScore is: 990 on a scale of 501-990. Your Risk Grade is: A It didn't play any special music when it came up, nor did I see any fireworks. I'm a little sad.
Moderator Emeritus
fused
Posts: 16,193
Registered: ‎03-12-2007

Re: fico/vantage scoring system

[ Edited ]


mborgens wrote:
I love vantage. I know I'll never get a 850 fico score, but I did just pull a 990 vantage score! Your VantageScore is: 990 on a scale of 501-990. Your Risk Grade is: A It didn't play any special music when it came up, nor did I see any fireworks. I'm a little sad.

990, No Way! You're joking, right?


Message Edited by fused111 on 08-10-2007 06:59 PM
Senior Contributor
ilovepizza
Posts: 3,071
Registered: ‎05-17-2007

Re: fico/vantage scoring system

That's a sweet deal.
If we never set higher goals we would never get as far.
sol, credit 101, acr, abbreviations, calc

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