Credit Score Insight » fico score range credit score scale http://www.creditscoreinsight.com Sat, 05 Sep 2009 00:39:53 +0000 http://wordpress.org/?v=2.9.2 en hourly 1 Credit Score Scale http://www.creditscoreinsight.com/credit-score-scale http://www.creditscoreinsight.com/credit-score-scale#comments Thu, 19 Feb 2009 04:39:10 +0000 http://www.creditscoreinsight.com/?p=197 Yet Another Related Posts Plugin.]]> To know where you stand with your credit score, you need to know the scale that you are graded on.  But there are a thousand different credit scores, so that could potentially create 1000 different scales.

Just as an industry standardization is needed to help the commerce flow.  For credit scores the most recognize scale is a three digit number ranging from 350 to 850.  This is the scale used by the FICO score which is the most popular and widely used credit score today.

To make things more complication, a newer score called the VantageScore uses a completely different scale.  The scores are three digit but can range from 500 to 990.  Also, the VantageScore assigns you a grade as if you were in school, A through F.

The fact is this creates two different credit score scales.  You should just think Metric versus English measurement.  But unfortunately there is no formula to convert between the two. Most people stick to just getting a FICO score.  This is a proven formula that will give you an idea where you are at with the rest of your credit scores except with the VantageScore.

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