What Affects My VantageScore? (Infographic)

Launched in 2006 by the three major credit bureaus Experian, Equifax and TransUnion, the VantageScore is a credit scoring model that was created as an alternative to the FICO score. Both credit scoring systems feature a three-digit number that financial...

Full Story

The post What Affects My VantageScore? (Infographic) appeared first on MintLife Blog.

Launched in 2006 by the three major credit bureaus Experian, Equifax and TransUnion, the VantageScore is a credit scoring model that was created as an alternative to the FICO score. Both credit scoring systems feature a three-digit number that financial institutions assess to make lending decisions, but the VantageScore is a slightly different model used to rate creditworthiness.

Curious about what influences this score? See the key factors that determine your VantageScore in the infographic below.

Sources:

VantageScore | Consumer Finance | USA Today

Learn more about security

Mint Google Play Mint iOS App Store


Source: mint.intuit.com