What is VantageScore?

Last Updated: May 24, 2013 11:20PM UTC

VantageScore is a credit scoring model created by the three major credit bureaus -- Experian, Equifax, and TransUnion. Like the FICO score, VantageScore is used by lenders to make lending decisions.

VantageScore is currently used by 7 of the top 10 financial institutions. However, it's still less common than the FICO score. 

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