Mar 24 2020

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What is a Vantagescore 3.0? Learn What a Vantagescore 3.0 is and How to Get the Highest Vantagescore Today

In 2013, VantageScore 3.0 was introduced, giving 98% of consumers access to a credit score. VantageScore represents a wider range of borrowers including those who may not have a borrowing history, have a brief history of borrowing, or maybe a scarce borrower.

While the 3.0 model has opened the door for many, developers continue innovating to create a state-of-the-art version of VantageScore. The new VantageScore 4.0 credit scoring model is currently the prime focus at VantageScore. They are the first in the industry attempting to reduce the amount of negative filing due to a medical-collections account, tax liens, and public records. The 4.0 version maintains the same excellent features as VantageScore 3.0 and continues to include more consumers with shorter histories.

VantageScore 3.0

  • Nearly 1 billion VantageScore credit scores were used in 2014 by lenders and banks
  • Over 6 billion VantageScore credit scores were used in 2015 by lenders and banks
  • By June 2016 more than 8 billion VantageScore credit scores were used by lenders and banks

Additional VantageScore 3.0 Features

With VantageScore 3.0, consumers are better matched with opportunities appropriate for their history and situation. The unique VantageScore algorithm predicts the likelihood of an individual being ninety or more days late on a payment.

This can make a substantial difference for someone that has had borrowing trouble in the past, but consistently makes on-time payments toward current debts. Additionally, VantageScore 3.0 offers plain-language reason codes that help consumers better understand their score, empowering them to make improvements if necessary.

What is a Good VantageScore 3.0 credit score?

VantageScore is careful not to label a borrowing trend as good or bad. Instead, they assess an individual’s risk. On a scale of 300-850, a 300 would pose an extremely high risk for non-payment or default, while an 850 would pose an extremely low risk for non-payment or default. For those rebuilding or attempting to repair their credit score, aiming for a 600-700 range is a great place to start. Those with a sturdy and well-established history will find themselves well beyond 700 and may even surpass the 850 caps.

How to Get the Highest VantageScore

Extremely Influential

  • Payment history – paying bills on time

Highly Influential

  • Age
  • Type: car, mortgage, cards (a mixture is best)
  • % of limit used (revolving balances should remain under 30%)

Moderately Influential

Less Influential

  • Recent behavior and inquiries (moderate or excessive opening of accounts)
  • Available balance (is there an available, depleted, or maxed out balance)

VantageScore unearthed a vast population of individuals that were otherwise un-scorable under more traditional scoring models. Their dedication to creating more predictive and consistent scores across all three bureaus has proved beneficial to consumers, lenders, and the economy.

Fair Isaac Corporation

VantageScore was created to directly compete with the scoring model created by the Fair Isaac Corporation. Most Americans are familiar with the FICO scoring model as it is a determining factor in borrowing decisions. This places a heavy burden on FICO to be accurate and consistent with billions of individuals’ information, all the time. But what if the company is unable to provide scores? What if a flaw is uncovered in their methodology? This is where VantageScore comes in and helps with some of that grey area. Their mission is to bridge the gap within this market and offer more concise predicting, inclusiveness, and accuracy.

The Difference Between VantageScore and Fair Isaac Corporation


  • Uses reports to create a combined score
  • Requires one month of history
  • Penalizes late mortgage payments
  • Ignores paid collections
  • Ignores all collections under $250

Fair Isaac Corporation

  • Uses reports to create separate scores
  • Requires six months of history
  • Penalizes all late payments
  • Ignores collections under $100

How Long Have People Been Trusting Vantage Score?

VantageScore was created in 2006 by Equifax, Experian, and Transunion to compete with the traditional score reporting model. Shortly after its creation, the bureaus transferred intellectual property rights to VantageScore Solutions. This independent firm is now responsible for updating the scoring model and educating consumers and lenders alike. VantageScore Solutions has attained a competitive advantage as Vantage Score 3.0 began to gain traction in 2014.



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