By Walter Nunez & Yhordan Serpentini
The Vantage Credit Score
The Vantage score is a collaboration of the major credit bureaus with a stated goal of a more accurate and standardized grading system, and (arguably) an unstated goal of replacing FICO scores altogether and capitalizing on the credit scoring marketplace.
The Vantage Credit Score is made up of these factors: Recent Credit: 30%, Payment History: 28%, Credit Utilization:23%, Account Balances: 9%, Types of Credit (“Depth”): 9%, Available Credit: 1%
The FICO Credit Scores
The FICO Score is made up of these factors: Payment History: 35%, Amounts Owed: 30%, Length of Credit History: 15%, Types of Credit: 10%, Recent Credit (incl. inquiries): 10%
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