Anonymous asked in Business & FinanceCredit · 10 years ago

vantage vs. fico credit score?

what would a vantage score of 837 be in fico terms?

2 Answers

  • 10 years ago
    Favorite Answer

    This should help you to understand how credit scores work..

    FICO scores from 300 to 850 and Vantage scores from 501 to 990.

    Here is the breakdown for both systems.

    Vantage Plus system scores from 501-990.






    FICO system scores from 300-850.

    Elite-740-& up




    Sub-prime-624-& under

    FICO is the only one that matters since it's the one that all major lenders look at.

    So as you can see it depends on if your looking at a true FICO score or a Vantage plus score.

    As far as what makes up credit scores it's the following;

    1. Payment history (longer the better) 35%

    2. Time in bureau (longer the better) 15%

    3. Types of credit (mix of credit cards & installment loans) 10%

    4. New credit (new accounts and inquiries) 10%

    5. Debt to credit ratio (lower the better) 30%

    And just so you will know Experian only uses Vantage, Equifax only uses FICO and Transunion uses both depending of which type of credit report is requested of which there are 3. The standard that people get from the Internet, the auto enhanced which only car dealers and lenders see and the factual which only mortgage people see. The last two are not available to the general public.

    To have the very best score and profile people need 3-4 credit card accounts (revolving) with balances below 30% of their credit limits and 2 cars, homes, boats, motorcycles, computers, furniture or personal accounts (installment) all with good long payment history's.

    Add to this that unless you get your scores either direct from either Equifax or your getting what's called a FAKO score which makes it even worse because they all have their own system to calculate scores.

    Credit scores are based on the last 24-months of activity, and they can change daily depending on what information has been submitted by your creditors.

    As you can see from the above a Vantage score of 837 would equal a FICO Prime score.

    Source(s): Finance Manager for over 11-years, 2011 edition Consumer Action Handbook.
  • 10 years ago

    Vantage and FICO are 2 totally different scoring systems. There is no way to tell what one would be in reference to another.

    To correct another post, Experian also uses FICO, they just do not sell their scores to us consumers. Each credit bureau has paid Fair Isaac to come up with a scoring algorithm developed exclusively for them. That is why you can have the exact information on any 2 or 3 of your reports, but each will give you a different FICO score.

    While it is a good idea to have a mix of different types of credit, it is not necessary to have 2 cars, a motorcycle, a boat & other toys. Just a mix of consumer loans & credit & charge cards does it.

    FICO scores are NOT based on the last 24 months of history. They are based on every item showing in your report. Whether it be 2 months old or 12 years. Anything bad that is over 2 years still counts against you in a big way. When I had a paid charged off acct from Capital One finally drop after 7 years, all 3 of my FICO scores went up by an average of 30 points. Old stuff can still help or hurt you, depending on what it is.

    Lastly, these days, even the Equifax website has their own FAKO score. They do sell a FICO, but the link for it is well hidden in their product list.

    Bottom line, unless you see the Fair Isaac logo (which is my Avatar!) it is a FAKO score & counts for nothing.

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