Is VantageScore’s New Score Range Good for Consumers?

March 18, 2013

Last week, VantageScore, the 7-year-old credit scoring company owned by the three major nationwide consumer credit reporting agencies (CRAs) — Equifax, Experian and TransUnion — took a big step in the direction of making credit scores easier for consumers to understand, as it abandoned the score range of 501-990 it has used since inception. With its new 3.0 model, VantageScore has adopted the range of 300-850, making it consistent with the score range long held by FICO scores.

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