VantageScore

VantageScore

A consumer credit rating product developed by three credit rating agencies - Equifax, TransUnion and Experian - as an alternative to the FICO Score. VantageScore uses a different rating scale (501 to 990) than FICO (300 to 850), and is branded as a score that provides lending institutions and banks information related to subprime financing. The score is calculated through a weighted average of a consumer's available credit, recent credit, payment history, credit utilization, depth of credit and credit balances. It was launched in 2006.

VantageScore places the greatest weight on payment history and credit utilization, just as the FICO Score does. As a parallel to its numerical score VantageScore also has an alphabetical score ranging from A to F, with a determination of "A" meaning that a consumer is the most credit worthy. Most lending institutions continue to use the FICO Score as it has been around much longer, since 1956.


Investment dictionary. . 2012.

Игры ⚽ Поможем сделать НИР

Look at other dictionaries:

  • VantageScore — is the name of a credit rating product that is offered by the three major credit bureaus (Equifax, Experian and TransUnion). The product was unveiled by the three bureaus on March 14, 2006. The VantageScore is essentially an attempt to compete… …   Wikipedia

  • Credit score (United States) — A credit score in the United States is a number representing the creditworthiness of a person, the likelihood that person will pay his or her debts. Lenders, such as banks and credit card companies, use credit scores to evaluate the potential… …   Wikipedia

  • Credit Karma — CreditKarma.com Type Private Industry Personal finance, Software Founded 2007 Headquarters San Francisco, California Key people Kenneth Lin, CEO …   Wikipedia

  • Credit score — A credit score is a numerical expression based on a statistical analysis of a person s credit files, to represent the creditworthiness of that person. A credit score is primarily based on credit report information typically sourced from credit… …   Wikipedia

  • 900 (number) — For the year 900, see 900 BC or 900 AD. 900 (nine hundred) is the natural number following 899 and preceding 901. It is the square of 30 and the sum of Euler s totient function for the first 54 integers. In base 10 it is a Harshad number. List of …   Wikipedia

  • Experian — plc Type Public company (LSE: EXPN) Industry Business Services …   Wikipedia

  • Vantage — may refer to: *Vantage, an IT Service Management solution from Compuware *Vantage, Washington, a census designated place in Kittitas County, Washington *Aston Martin V8 Vantage (2005), an automobile brand manufactured by Aston Martin *Vantage… …   Wikipedia

  • Identity score — An identity score is a system for tagging and verifying the legitimacy of an individual’s public identity. Identity scores are increasingly being adopted as a means to prevent fraud in business and as a tool to verify and correct public records.… …   Wikipedia

  • 500 (nombre) — Nombres 500 à 599 Cet article recense les nombres qui ont des propriétés remarquables allant de cinq cents (500) à cinq cent quatre vingt dix neuf (599). Sommaire 1 Entiers de 500 à 509 2 Entiers de 510 à 519 3 Entiers de 520 à 529 …   Wikipédia en Français

  • 500 à 599 (nombre) — Nombres 500 à 599 Cet article recense les nombres qui ont des propriétés remarquables allant de cinq cents (500) à cinq cent quatre vingt dix neuf (599). Sommaire 1 Entiers de 500 à 509 2 Entiers de 510 à 519 3 Entiers de 520 à 529 …   Wikipédia en Français

Share the article and excerpts

Direct link
Do a right-click on the link above
and select “Copy Link”