An 800+ credit score. We would all want to be that one guy in our social circle who is known for being in this elite club. But apart from bragging rights (which, let’s face it, is quite cool), an 800+ score has tangible financial and non-financial benefits. Good thing? It is always within reach. If
Author: Stephen M.W.
Credit scores are calculated using a specific, clearly defined credit scoring model. So while it may appear your score dropped for no reason, it is never random. Something triggered it even though it might not be immediately obvious to you. I will cover 10 possible reasons why your score may seem to drop without cause.
There are defining differences between the FICO vs Vantage credit scoring models. Most credit industry professionals consider FICO to be the “real” score because it is used by 90% or more of lenders. Because lenders almost never use VantageScore for making loan approval decisions, it is often called a “FAKO score”. (Pronounced like “fake-o”.) Free