Posted on: 23rd Aug, 2012 12:12 am
my vantage score is higher than my fico and i am planning to refi my mortgage. Who uses the vantage score?
Hi skaria!
Welcome to forums!
Not all lenders are ready to consider the vantage score. Most lenders consider FICO scores as most authentic one and will consider that. You will have to contact individual lenders and check out if they are ready to consider your vantage scores.
Feel free to ask if you've further queries.
Sussane
Welcome to forums!
Not all lenders are ready to consider the vantage score. Most lenders consider FICO scores as most authentic one and will consider that. You will have to contact individual lenders and check out if they are ready to consider your vantage scores.
Feel free to ask if you've further queries.
Sussane
Hi
Not all creditors use the vantage score system and one of my creditors never heard of the vantage score why is that? My vantage score is higher than my fico score but my creditors won't use the vantage score, why is that?
Not all creditors use the vantage score system and one of my creditors never heard of the vantage score why is that? My vantage score is higher than my fico score but my creditors won't use the vantage score, why is that?
Hi sweetpea,
Vantage score is not very popular amongst the lenders. Moreover, the way of calculating the scores is different in case of FICO score and vantage score. That may be the reason why the vantage scores are higher than that of FICO scores.
Thanks
Vantage score is not very popular amongst the lenders. Moreover, the way of calculating the scores is different in case of FICO score and vantage score. That may be the reason why the vantage scores are higher than that of FICO scores.
Thanks
The most commonly accepted credit score model acepted by the lender is the FICO score. So, instead of concentrating on your vantage score, you should focus on FICO score.