 TITLE: The Difference Between VantageScore<sup>®<\/sup> Scores and FICO<sup>®<\/sup> Scores CONTENT: VantageScore and FICO Create Multiple Credit Scores\n---------------------------------------------------\nVantageScore and FICO® create credit scoring models—software that can analyze a credit report to generate a credit score. And the consumer risk scores that VantageScore and FICO® create have the same goal: to predict the likelihood that a person will fall at least 90 days behind on a bill within the next 24 months.\nThe VantageScore models and the base FICO® models are generic credit scores, meaning they're created for use by a wide range of creditors, such as private student loan companies, online lenders and card issuers. FICO® also creates industry-specific auto and bankcard scores, which are built on the same criteria as the base FICO® scores but tailored for auto lenders and card issuers.\nAs with other types of software, VantageScore and FICO® occasionally update their scoring models to ensure they remain predictive as consumer behavior changes, and to incorporate new technology, information and industry practices.\nThe first VantageScore model, version 1.0, was launched in 2006; the company released the latest version, 4.0, in 2017. The FICO® base scoring model dates back to 1989, but the latest versions are the FICO® Score☉ 8 (launched in 2004) and FICO® Score 9 (launched in 2014). Creditors can choose which model to use and may test out different models to figure out which one is best at helping them determine risk with their particular customer base.\nYou might check your VantageScore and FICO® credit scores and wonder why they're different. In part, it's because the models give varying levels of importance to different parts of your credit report. END