Credit Score Improvement: FICO vs VantageScore Differences
By Consumer Financial Protection Bureau | 6 min read
Understand FICO and VantageScore differences with CFPB guidance. Credit improvement strategies for both scoring models.
Understanding different credit scoring models helps improve credit effectively. FICO scores: Used by 90% of lenders, Range 300-850, Five factor weighting system, Multiple industry-specific versions. VantageScore: Newer model gaining adoption, Same 300-850 range, Different factor weighting, More inclusive of limited credit histories. Focus on common factors: payment history, credit utilization, length of history, credit mix, new credit inquiries.\n\n**Related Resources**\n- [Financial Planning Tools](/tools)\n- [Budget Calculator](/budget-planner)\n- [Credit Guide](/category/Debt%20%26%20Credit)\n- [Money Saving Tips](/category/Save%20Money)