What Is a Good VantageScore?

VantageScore 3.0 ranges from 300 to 850, just like the FICO score does. According to Experian, one of the three major credit bureaus, here are the credit score ranges:

Excellent: 781 to 850. Good: 661 to 780. Fair: 601 to 660. Poor: 500 to 600. Very poor: 300 to 499.

Between 661 and 780 is a good VantageScore range. Do you want to know why a FICO score of 669 is good but a VantageScore score of 669 is not?

It's because not all of the things that go into the scores have the same weight. Because of this, you can't just compare the two versions of the score.
How Does Your Credit Score Change?

Several pieces of information in your credit report are used to figure out your FICO score. The score doesn't take into account your income, where you live, your political beliefs, or your religion.

FICO makes it clear how much each part of a FICO score is worth. But VantageScore doesn't give percentages for the things that go into figuring out a score. It instead looks at how "important" a category might be.

How it works is as follows:
How credit is used, the balance, and how much credit is available all have a huge effect.
Mix of credit and experience: very important.
Payment history is somewhat important.

Less important is how old your credit history is.
Less power when new accounts are opened.

As you can see, the different weightings are the reason why a VantageScore of 700 and a FICO score of 700 aren't exactly the same.
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