My score falls in very different national percentiles for the VantageScore and the TransRisk score. Why is that?
The TransRisk score is based on a more classic credit scoring model that primarily weighs payment history, debts, length of credit history, number of recent credit inquiries, and mix of credit usage to calculate your credit score. The VantageScore is based on the next generation scoring model developed to help better assess consumers’ creditworthiness. The VantageScore model primarily weighs your payment history, credit utilization, outstanding balances, length of credit history, recent credit, and available credit to calculate your credit score. The difference in these different factors being weighed can lead to large differences in the two credit scores. Additionally, the VantageScore can score a wider range of consumers than TransRisk because it puts more weight on recent credit history rather than age of credit, which will have an impact on the number of scores feeding into the national averages calculation.
Related Questions
- Why does the cognitive abilities test individual score report show two different types of national percentiles and why does Carroll ISD use the national percentile by age?
- Can two different students with the same MCAS scaled score test histories have different student growth percentiles?
- Why is my Auto Insurance Score so different than my TransRisk Score and/or Vantage Score?
