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vantage score

If you’re not familiar with credit scores or just want to know a little bit more about VantageScore®, this article is for you.

What is VantageScore®?

Created by a joint venture between the big three credit bureaus, Equifax, Experian, and TransUnion, VantageScore® is a credit scoring system developed in 2006. [1]

Credit scores can help lenders evaluate credit reports by summarizing the credit risk into a three digit number and, when used in underwriting, can affect the terms of any credit available to a consumer.

FICO®VantageScore® combines “cutting-edge, patented, and patent-pending analytic techniques” with an ability to consistently score a larger spectrum of the population.[2]

Why was VantageScore® created?

Before VantageScore®, model credit scores like FICO® were often calculated differently. It was common to have different versions of a FICO® score, which varied slightly from each credit bureau.

The variation in score was due, in part, by credit agencies developing their own models, which created differences between the credit scores and credit bureaus even though they were using the same general scoring systems. [3]

Experian, Equifax, and Transunion saw a need for a universal scoring method with an emphasis on simplicity and consistency. With this in mind, they developed VantageScore®. [4]

VantageScore® provides features, like reason codes, to help consumers understand their credit score better, and  developed an entire website to provide consumer transparency. You can visit this site at:

How does VantageScore work, and what can help to improve the score?

The information used to calculate your VantageScore® can be broken down into six main categories. Keep in mind that these six groups may not all carry the same weight in your score.

Vantage Score
Image Credit: Vantage[i]Score

Now let’s break down these factors a bit more[5]:

  • Payment history – This factor analyzes repayment behavior broken down into three categories- current, late, or charged-off. Paying all bills on time can help improve a credit score.

Fun Fact – VantageScore® only needs 1 month of financial history to calculate a score.

  • Age and type of credit – This factor includes the length of a consumer’s credit history and types of credit accounts. As noted above, varying accounts over time may help to improve a score.
  • Percentage of Credit limit used – This factor analyzes the portion of amount owed and/or used on credit accounts. Generally, keeping revolving credit account balances under 30% may assist in credit score improvement.
  • Total Debt and Balances – This metric is used to analyze recently reported account balances, both current and delinquent. Reducing the amount of debt owed can help to improve this  factor.
  • Recent Credit Behavior – While a less influential factor of overall credit score determination, this factor assesses the number of recently opened credit accounts and/or credit inquiries.

Fun Fact: VantageScore® and FICO® both take into consideration something called “deduplication” , meaning consumers are less likely to be penalized for multiple inquiries in a short time period. [6]

  • Available Credit – This factor is the assessment of a consumer’s total available credit.

To see more factors that may contribute to VantageScore® determinations, download a complete infographic here.

What are some differences between VantageScore® and FICO®?

FICO® is currently more widely used, but VantageScore’s® usage is growing [7].

To see how FICO®FICO® and VantageScore® may view your credit differently, check out this infographic from Experian below.

vantage score

Image credit: Experian

Concerned with your credit score? Thinking about applying for a personal loan? Apply now for an online personal loan. It only takes a few minutes.



*Mariner Finance, LLC (“Mariner”) provides access to your VantageScore ® credit score, (which is provided by VantageScore Solutions, LLC) only for your educational, personal, and non-commercial use.  VantageScore ® is used by some institutions to evaluate creditworthiness and to make information more uniform between the three main credit bureaus so that consumers have a clearer understanding of their credit health. Your VantageScore® credit score is calculated by a model (as may be updated from time to time) that predicts credit risk and is just one of many credit scoring models available. Please note that your VantageScore® credit score is provided for informational purposes only and is not used by Mariner.  Mariner has no responsibility for the content provided in connection with your VantageScore® credit score and cannot act on your behalf to dispute the accuracy of any information that appears in your credit report, other than information reported by Mariner.

In determining a consumer’s creditworthiness and eligibility for a personal loan, Mariner uses the consumer’s FICO®® score, rather than the VantageScore ®, as well as other types of information in making credit decisions.

Mariner reserves the right to amend, cancel, change, discontinue, or suspend the availability of the VantageScore ® credit scores and/or your access to it, in whole or in part, at any time in our discretion with or without notice to you, and any such action shall be effective as of the time Mariner so determines.

Mariner is not a credit repair organization as defined under federal or state law, including the Credit Repair Organizations Act. Mariner does not provide “credit repair” services or advice or assistance regarding rebuilding or improving your credit history or credit score, or monitoring for specific events that may impact your credit information.

Under the Fair Credit Reporting Act, you have the right to receive a free credit report from each of the three national consumer reporting agencies (Experian Information Solutions, Inc., Equifax Inc., and TransUnion) once during any twelve-month period.  To do so or for more information, visit or call 877-322-8228.

VantageScore® is a registered trademark of VantageScore Solutions, LLC.


Blog posts are for informational purposes only.

†We offer personal loans from $1,000 to $25,000, with loans terms from 12 to 60 months. Minimum and maximum amounts dependent on an applicant’s state of residence and the underwriting of the loan. Loans between $1,500 and $15,000 may be funded online. Loans greater than $15,000 or less than $1,500 are funded through our branch network. Specific interest rates and fees are determined as permitted under applicable state law and depend upon loan amount, term, and the applicant’s ability to meet our credit criteria, including, but not limited to, credit history, income, debt payment obligations, and other factors such as availability of collateral. Not all rates and loan amounts are available in all states. Additional fees may apply to some loan offers; some state required and/or permitted fees may be treated as prepaid finance charges. Any such charges shall be in addition to the loan amount requested and/or approved and shall be fully disclosed to the applicant on his/her loan agreement. Not all applicants will qualify for the lowest rates or larger loan amounts, which may require a first lien on a motor vehicle not more than ten years old titled in the applicant’s name with valid insurance. Our loan by phone and online closing process requires a compatible mobile or computer device on which you can access your email and electronic documents. Not all loan types are eligible for loan by phone or online loan closing.


To help the government fight the funding of terrorism and money laundering activities, Federal law requires all financial institutions to obtain, verify, and record information that identifies each person who opens an account. As a result, under our customer identification program, we must ask for your name, street address, mailing address, date of birth, and other information that will allow us to identify you. We may also ask to see your driver's license or other identifying documents.


For any stated annual percentage rate (“APR”), the APR represents the cost of credit as a yearly rate and will be determined based upon an applicant’s credit at the time of application, subject to state law limits. A range of APR’s may be applicable, subject to state law limits and individual underwriting. Not all applicants will qualify for a lower rate. APR’s are generally higher on loans not secured by a vehicle, and the lowest rates typically apply to the most creditworthy borrowers. All terms and conditions of a loan offer, including the APR, will be disclosed during the application process. As an example, with an amount financed of $5,000.00 the borrower receives $5,000.00 at an APR of 29.99% and an interest rate of 28.77% which includes a finance charge of $3,640.96. Under these terms, the borrower would make 48 monthly payments of $180.02, for a total of payments of $8,640.96. The amount financed may not be the net proceeds paid if charges other than interest are included in the loan.


*The process uses a “soft” credit inquiry to determine whether a loan offer is available, which does not impact your credit score. If you continue with the application process online and accept a loan offer, or are referred to a branch and continue your application there, we will pull your credit report and credit score again using a “hard” credit inquiry. This “hard” credit inquiry may impact your credit score.



California Residents: Loans made or arranged pursuant to a California Financing Law license.

VA Residents – Mariner Finance of Virginia, LLC, Licensed by the Virginia State Corporation Commission, Consumer Finance Company License No. CFI-114.


Mariner Finance, LLC, NMLS No. 166564 (
8211 Town Center Drive, Nottingham, MD 21236. Telephone Number 877-310-2373.

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