![]() ![]() ![]() Other noticeable differences between VantageScore and FICO include: It can be hard to know which score a potential lender is pulling, but FICO does have specific auto and bankcard versions, which means your FICO score is probably being pulled when you shop for new cars or credit cards. Although your credit score may be similar to your FICO score, they are calculated differently in terms of how key factors, such as your credit utilization and payment history, are weighed. Turbo uses VantageScore, which is meant to be a consumer-friendly model. The reason for this is that different platforms use different scoring models. Or perhaps they received a rejection letter listing a score that doesn’t match what they see in Turbo. What’s the difference between Vantage and FICO?Ĭonsumers often get confused as to why different credit monitoring services show different scores. VantageScore can be based on any one of the three major credit bureaus, but Turbo uses TransUnion data. When you have a Turbo Debit Card, you can also easily view your credit score for free. getting several different quotes for an auto loan). It’s meant to provide a more accurate depiction of your creditworthiness while minimizing the impact of normal credit shopping activity (e.g. This is a credit scoring model developed by the three major credit bureaus. Intuit Turbo draws your score information from VantageScore 3.0.
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