What is a VantageScore?
By Nicholas Ortiz, Boston Bankruptcy Attorney on Oct 18, 2007 in General Bankruptcy Information
VantageScore is the name the new credit score algorithm created by the big three credit reporting agencies, Equifax, Experian and TransUnion. This credit scoring system competes with the traditional FICO score from Fair Isaac. In fact, Fair Isaac has sued Equifax, Experian, TransUnion and others for unfair competition and other contract and tort claims. A FICO score ranges between 300 to 850 scale while a VantageScore is between 501 to 990.
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