How much do FICO and Vantage scores differ?

FICO Scores range from 300 to 850. At first, VantageScore credit scores featured a different numerical scale (501 to 990). However, VantageScore 3.0 and 4.0 adopted the same 300 to 850 scale that FICO uses. With both FICO and VantageScore models, higher scores are better.

Is VantageScore usually lower than FICO?

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

How far off is VantageScore from FICO?

300 to 850
VantageScore range VantageScores are on a range of 300 to 850, which is the same range as a typical FICO. A score closer to the maximum 850 means better credit. The proprietary VantageScore formula is applied to the data in your credit reports.

Why is my FICO score lower than my credit score?

Maxing out credit cards, paying late, and applying for new credit haphazardly are all things that lower FICO scores. More banks and lenders use FICO to make credit decisions than any other scoring or reporting model.

Is VantageScore 3.0 good?

The Score Ranges The first two 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. However, on the 300-to-850 scale, a score of at least 670 (for FICO®) and 700 (for VantageScore) will generally qualify as having good credit.

What is the average VantageScore?

When a lender or landlord reviews your credit, it might use one of two credit scoring models: VantageScore or FICO. Both scoring models range from 300 to 850. And according to a July 2021 VantageScore report, the average credit score in America is 697.

What is an excellent VantageScore?

According to Experian, one of the three major credit bureaus, a VantageScore between 750 and 850 is excellent, and a good score is between 700 and 749.

How does Vantage score compare to Fico?

FICO Vs Vantage: The Score Range. The first and perhaps the most obvious difference between the FICO and Vantage scores is that the scoring ranges are considerably different. A FICO score ranges from 300 to 850, and tends to vary some from bureau to bureau. FICO scores tend to have a “momentum” affect on each end of the credit spectrum.

How close is the Vantage score to the FICO score?

While VantageScore and FICO now use the same 300-850 range, VantageScore tiers run about 50 points lower than FICO tiers. Do any lenders use VantageScore? Lenders issuing credit cards and auto loans are among those who use the VantageScore.

What is the highest FICO score one can realistically achieve?

FICO score ranges Very poor: 300 to 579 Fair: 580 to 669 Good: 670 to 739 Very good: 740 to 799 Excellent: 800 to 850

What is the highest FICO score possible?

The most well-known FICO scores have a range from 300 to 850. In theory an 850 would be the highest score you could get. There is a score used specifically for auto lending that goes to 920, and others that go to 950. Some scores have ranges that go down – the lower the score, the lower the lending risk.