Do You Know Your Vantage Credit Score?

Today, I presented on credit scores and how they can impact our financial life. To my surprise, many of my class attendees had not heard of the Vantage Score.

The Vantage credit score was developed in 2006 by 3 major credit bureaus: Experian, Equifax, and TransUnion. It is differen't from your FICO score.

Your Vantage Score is based on the traditional A,B,C,D, and F rating scale. Vantage scores are scored numerically from 501-990.

• 501-599: F
• 600-699: D
• 700-799: C
• 800-899: B
• 900-990: A

Your Vantage score is influenced by the following factors:

For more information about the Vantage score visit Experian at http://www.experian.com/consumer-products/vantage-score.html

Your FICO score is still the credit score still used by the majority of lenders. However, it is important to know that there are other scores out there as well.