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fico/vantage scoring system

New Visitor

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?  
Message 1 of 6
5 REPLIES
Moderator Emeritus

Re: fico/vantage scoring system

Message 2 of 6
Senior Contributor

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
Message 3 of 6
Valued Member

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.
Message 4 of 6
Moderator Emeritus

Re: fico/vantage scoring system



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
Message 5 of 6
Highlighted
Senior Contributor

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
Message 6 of 6