New to credit going from O to having a score

[Anonymous]

I haven't been able to find a topic on this, but I do have a vantage score from TU. But I do not have a FICO score because my credit line is under 6 months old. My Vantagescore is 675, but what  I understand is this is an entertainment score and not uselful. When my credit line is 6 months old, what can I reasonable expect my fico score to be? Can I go from 0 to 600 by the end of that six month period?

[Anonymous]

Strictly speaking you do not have a FICO score of 0 right now.  A score of 0 is impossible.  The scoring range for most models is 300 to 850.

What you have right now is no score, which is different from a zero score.

Can you tell us what credit accounts you have now?  (You'll need to pull your reports to do that.  You can get your TU and EQ reports for free at Credit Karma, with new reports as often as every 7 days.)

Also let us know if you have any derogs (lates, etc.), any inquiries, when the accounts were opened, and whether they are open or closed. 

[Anonymous]

I have 1 credit card through capital one. It is 4 months old and I've kept my usage at 10% and below, have paid my balance off at the end of each month. I've had my cellphone for 4 years but that doesn't get reported. I have 3 inquiries. 

Also, what good is a vantage score? I use creditwise and I signed up for TU reports. Both are the same with 675. 

[Anonymous]

Vantage scores won't be worth much until more lenders or CC issuers use them.  Very few do at the moment.  Sites like Credit Karma are quite valuable, even though their scores are Vantage, because they provide you your reports.  Vantage scores were a much better deal two years ago when there were very few ways to get free (or extremely low cost) FICO scores.  Now there are many ways to get FICO scores so Vantage has less of an advantage.

Keep using your credit card, paying it in full after the statement prints, etc.  When you get closer to the six month mark, get your utilization a little lower -- 10% is still too high for optimal scoring.  Shoot for under 8%, though stricly speaking anything under 8.99% is fine.

While you are waiting, I encourage you to consider implementing the Share Secure Loan Technique.  You can find out about it here and all you need to do is read the first 2-3 posts in the thread:

http://ficoforums.myfico.com/t5/Understanding-FICO-Scoring/Adding-an-installment-loan-the-Share-Secu...

With a low util card and the SSL technique full implemented, my guess is that your FICO 8 scores will be in the area of 710-730.  At that point your next step would be to add two more credit cards.