What’s the Difference Between FICO and VantageScore?

 What’s the Difference Between FICO and VantageScore?

FICO Score

• Used by most traditional lenders (especially for mortgages)

• Requires at least 6 months of credit history

• More sensitive to recent missed payments or high utilization

• Mortgage lenders typically use older models like FICO 2, 4, or 5

VantageScore

• Developed by the three major credit bureaus

• Can generate a score with just 1 month of credit history

• Includes more recent data trends

• Considers rent, utility, and cellphone payments (if reported)

• Tends to be more forgiving of isolated late payments

Now that VantageScore 4.0 will soon be accepted for mortgages, it’s more important than ever to understand how both scores impact your loan eligibility.

 What This Means for You and Your Clients:

💡 More Fairness & Opportunity
VantageScore 4.0 uses newer scoring methods and considers a wider range of data, including rent, utility, and phone payments when reported.

🏡 Expanded Access to Homeownership
If your FICO score is borderline or lower, your VantageScore might reflect a stronger credit profile, helping you qualify for a better loan.

📈 Smarter Credit Strategy
Lenders now have more flexibility to help you. Our repair plans will focus on boosting both your FICO and VantageScore — giving you more options and a clearer path to approval.