Equifax, Experian, and TransUnion—the big three in consumer credit scores—announced the availability of a standardized scoring protocol in March to make it easier for consumers to understand what their scores mean. The new VantageScore will offer ratings ranging from 501 to 990, with those above 900 earning an “A.” Under the new system, any differences in one consumer’s scores across the three companies reflect data differences in the companies’ files and aren’t related to the scoring formula, the companies say.  (It will also eliminate their reliance on and compete against the 3rd-party company that produces the current FICO scores, Fair, Isaac & Co.)

Scorecards were scaled consistently across each credit reporting company to create a score range from 501-990 that accommodate natural A, B, C, D, and F grade intervals.
901 – 990 = A
801 – 900 = B
701 – 800 = C
601 – 700 = D
501 – 600 = F

For more details:
Equifax-TheVantageScore Story
VantageScore Press Release
Experian - VantageScore
New Credit Scoring System
VantageScore vs. FICO Score
BankRate.com - VantageScore


Click here for more credit articles.


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1 Comments on VantageScore - Credit Scores Standardized

JAN
12
2008
 I am searching on AR for articles about VantageScore. Interestingly, you did not have any comments. You were so far in front of the pack that no one else knew to comment. Or was AR very new?
8:49pm • #1

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