Experian, TransUnion, and Equifax collaborated to create a fresh kind of scoring model, the VANTAGESCORE. Here’s how it VantageScore is calculated http://www.newhorizon.org/credit-info/how-your-vantagescore-is-calculated/ Looking for unsecured credit cards for bad credit http://www.newhorizon.org/Info/unsecured.htm

1. How Is Your
VantageScore
Is Computed
BY: WWW.NEWHORIZON.ORG

2. Credit scoring models have
existed since the 1970s.

3. Fico scores are valuable to lending
institutions, insurance companies,
employers, landlords and
government agencies.

4. Fair Isaac & Co developed
the first credit scoring
model, FICO.

5. It wasn't until 2006 when Experian,
TransUnion, and Equifax collaborated
to create a fresh kind of scoring
model, the VANTAGESCORE.

6. The FICO score has some
limits though.

7. One disadvantage is the
standards of computation.

8. It uses an alternative
calculation approach from
that of FICO

9. But this approach is more
friendly and forgiving

10. Here’s how it VantageScore
is calculated ...

11. The amount of your recent
credit (30%)

12. Your payment history (28%)

13. Your current credit
utilization rate (23%)

14. The size of your account
balances (9%)

15. The depth of your revolving
credit (9%)

16. Your available credit (1%)

17. For more information read
http://www.newhorizon.org/credit-info/how-your-vantagescore-is-calculated/