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Fortune
Fortune
Casey Bond

Confused about the difference between FICO and VantageScore? Here's exactly how they work

Photo illustration of two hands with their pointer and thumbs spread in an L shape framing an icon of a credit score on top or a half yellow, half pink background. (Credit: Photo illustration by Fortune; Original photos by Getty Images (2))

Whether you’re getting ready to apply for a credit card or loan, or maybe just curious what your credit score is, you might be confused to find that you have different types of scores. Most likely, you’ve come across FICO and VantageScore—two different, but important, scoring models.

Not sure what the difference is or how they work? Here’s a breakdown of FICO vs. VantageScore and how they impact your finances.

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