What's the Difference Between FICO Score and VantageScore?
Your credit score can be one of the most important numbers in handling your personal finances. It can determine important interest rates like your mortgage or an auto loan, your insurance rates, and it can even be the deciding factor in a job application.
When most people think of their credit score, they think of just one three-digit number. In fact, every consumer has dozens of credit scores based on different scoring models. The two most popular scoring models are currently FICO Score 8 and VantageScore 3.0.
But depending on where you check your credit score, you'll get either a FICO score or a VantageScore. And the two scores can be wildly different even if they both use data from the same credit reporting agency. That's why it's important to know the differences between a FICO score and a VantageScore.
Source: Fool.com
