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Differences Between Vantage and FICO Scores

fico-vantage-scoreIn the U.S. two companies dominate the credit scoring industry: FICO® and VantageScore®. What is a FICO score? What is a VantageScore? Both companies develop credit scores that lenders and creditors can use to evaluate applicants and manage customers' accounts. However, there are differences between Vantage and FICO scores.

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VantageScore vs. FICO credit scores

VantageScore and FICO scores have the same purpose -- to objectively predict how likely a consumer is to default on his or her debt. However, the models weigh the factors that make up the score differently. Here are some of the main differences between VantageScore and FICO scores:

Tri-merge vs individual bureaus

VantageScore created a single model used by all three credit reporting agencies (CRAs): Experian, Equifax and TransUnion.

FICO has three slightly different FICO Score 9 models -- one for each CRA.

Both scoring systems come with variations for specific industries, like mortgage, auto financing and insurance.

Minimum requirements to get a credit score

FICO requires an account (aka "trade-line") that's at least six months old. In addition, you must have activity on at least one trade-line during the previous six months (they don't need to be the same trade-lines).

You may be scoreable by VantageScore as long as your credit report has at least one account in it, even if the account is less than six months old.

Additionally, neither credit scoring system will score a credit report if the report indicates the consumer is deceased.

Check your credit grade with this credit score calculator

The score ranges

Both scoring models assign higher values to the most creditworthy consumers. Riskier applicants for credit receive lower credit scores.

The base FICO scores range from 300 to 850, while FICO's industry-specific scores range from 250 to 900.

Older versions of the VantageScore ranged from 501 to 990, but the latest VantageScore 3.0 and 4.0 use the same 300-to-850 range as base FICO scores.

Individual creditors set their minimum scores and score-related rates and terms. But the VantageScore describes the two systems as having these different ranges:

FICO scores:

  • Exceptional: 800 and up
  • Very good: 740 to 799
  • Good: 670 to 739
  • Fair: 580 to 669
  • Poor: 500 to 579


  • Excellent: 750 and higher
  • Good: 700 to 749
  • Fair: 650 to 699
  • Poor: 550 to 649
  • Very poor: 500 to 549

While VantageScore and FICO now use the same 300-850 range, VantageScore tiers run about 50 points lower than FICO tiers.

Related: These 5 Credit Score Errors Can Really Cost You

How FICO and VantageScore weigh different credit score factors

Events on your credit history impact the two scores differently because they place different weight on each factor.

Here is how FICO weighs the factors that comprise its score:

  • Credit history: 35%
  • Credit utilization: 30%
  • Length of credit history: 15%
  • Mix of credit: 10%
  • New accounts opened: 10%

And here is VantageScore's calculation:

  • Payment history: 40%
  • Age and type of credit: 21%
  • Credit utilization: 20%
  • Balances: 11%
  • Recent credit: 5%
  • Available credit: 3%

So if the biggest knock on your credit is high utilization, you may fare better with a VantageScore-using creditor than a FICO score-using creditor. And if you have little credit history, you might not even have a FICO score. But you'll probably have a VantageScore if you have any activity in the last 24 months.

Credit utilization

Your utilization rate can be an important scoring factor because it indicates whether you're managing debt well or spending more than you earn. Carrying card balances above 30% of your credit limits and maxing out credit is an unsustainable pattern that can end in bankruptcy. High utilization is a big red flag, which is why it carries the importance that it does.

FICO Score and most older VantageScore models measure the amount of credit used divided by the amount available. So if the total credit limit for all of your revolving accounts is $10,000, and your balances total $9,000, your utilization is 90%. That's considered very high.

VantageScore 4.0 looks back and considers your utilization trend in its scoring. For instance, if you usually only make minimum credit card payments or pay your bill in full. It's the only system that does this.

Collection accounts

Although unpaid collections can lower both the FICO and VantageScore credit score, collection accounts are treated differently depending on whether they are medical or have been repaid.

For example, FICO Score 9 does not count paid collection accounts against you. It also gives less weight to unpaid medical collections than other unpaid collections. FICO Score 8 doesn't distinguish between medical and non-medical collections and does include paid collection accounts. Both versions ignore collection accounts when the original unpaid balance was less than $100.

VantageScore 3.0 and 4.0 ignore paid collection accounts and give less weight to medical collections, but they both include outstanding collections without regard to amount. Even tiny collections count against you.

Credit inquiries

When you apply for a new account, creditors pull your credit report, and it can hurt your credit scores temporarily. However, scoring models allow you to shop with multiple providers in a short time and only count one credit pull against you.

VantageScore ignores extra pulls that occur within a 14-day window. If you apply for several different loans, even different kinds of loans, within that period, only one pull counts against you.

Recent FICO models have a 45-day shopping window, while older models (including those that are still used for mortgage lending) give you just 14 days to shop for your mortgage. And FICO scores count multiple inquiries against you unless they are for student loan, auto loan or mortgage applications.

Related: Can Paying Rent Help Your Credit Score?

VantageScore and FICO generate multiple credit scores

VantageScore and FICO are both designed to predict a consumer's odds of falling at least 90 days behind on a bill within the next 24 months.

The VantageScore and the base FICO models are used in a wide range of industries. FICO also creates industry-specific auto and bankcard scores, which have slightly different formulas designed to better serve those creditors.

How to improve your FICO or VantageScore

You can improve either type of score fairly quickly by paying down large account balances to reduce your utilization. But it takes time to build a good credit history, increase the age of your accounts and develop a track record of on-time payments.

Want to instantly increase your credit score? Experian Boost™ helps by giving you credit for the utility and mobile phone bills you're already paying. With older scoring models, those payments could not help your score -- only harm it if an account went into collection.

In addition, your mortgage lender can help you correct errors on your credit report. Mortgage lenders have access to a service called Rapid Rescore that can help increase your score in one to two days when you apply for a mortgage.

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