Buying a car or applying for credit? To check your creditworthiness, lenders will look into your credit scores. You’re likely familiar with your FICO Score, but what’s your VantageScore and why is it ...
Natalie Campisi is a senior journalist who covers personal finance, balancing timely news with in-depth enterprise reporting. Her mission is to make complex financial issues clear and accessible for ...
After a 25-year monopoly of credit scoring home loans for mortgage giants Fannie Mae and Freddie Mac, FICO finally has some competition. VantageScore, owned by the three major credit bureaus Experian, ...
Gen Z consumers increasingly went delinquent on credit cards. VantageScore today released its May 2024 CreditGauge, a monthly analysis highlighting the overall health of U.S. consumer credit. The ...
Study finds VantageScore 4.0’s edges over Classic FICO ‘overstated’ or incorrect; VantageScore brushes findings aside Another volley has been fired in what has become “The Great Credit Score War of ...
Your credit score is used by lenders, landlords and even potential employers to assess your financial risk and trustworthiness — so the higher your score, the better. An excellent credit score, which ...
Key Takeaways No two credit scores are the same, even if they belong to the same person. That's because the financial industry uses different scoring models for different purposes.FICO and ...
In the days following the announcement that VantageScore 4.0 was suddenly in play for conventional mortgages, FinLocker‘s Brian Vieaux had to burst some bubbles. Most of the 15 to 20 loan officers he ...