VantageScore

VantageScore is a credit scoring model used by lenders to evaluate how likely someone is to repay debt. It analyzes information from your credit reports—like payment history, credit utilization, length of credit history, types of credit, and recent activity—to generate a score typically ranging from 300 to 850. A higher score indicates lower risk, making it easier to qualify for loans or better interest rates. VantageScore aims to provide a more consistent and accurate assessment of creditworthiness across different lenders and credit bureaus, helping both consumers and lenders make informed financial decisions.