The Vantage Scoring System was created by the three credit bureaus so that they did not have to pay FICO for their scores.  The three credit bureaus feel that their system is the most up to date and should be used in all aspects of lending whether it is retail, auto or home loans.

The scoring system is based on a letter grade and the ranges are far different than FICO.

The total system is now sitting in the retailers hands and is being tested.  FICO and Vantage are also in court so we will keep you posted on the changes.

Here is the breakdown:

If you have an A your scores will be 901-990
If you have a   B your scores will be 801-900
If you have a   C your scores will be 701-800
If you have a   D your scores will be 601-700
If you have a   F your scores will be 300-600

And of course if you are lower than that you will not exist and will be turned down immediately.

For more information on this please call 1-609-685-7474 for a personal consultation.