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  • Credit Scoring Model

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    Pankaj Marye
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    FICO and Vantage credit scores both consider payment history the most important factor, accounting for 30-40% of the score. FICO also weighs amount owed heavily at 30%, while Vantage looks more at credit utilization and new credit amounts. Both systems evaluate additional factors like credit history length, credit mix, and recent payment behavior to assess credit risk and assign scores ranging from 300-850 for FICO and lower/higher rankings for Vantage.

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    Credit scoring model

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    FICO and Vantage credit scores both consider payment history the most important factor, accounting for 30-40% of the score. FICO also weighs amount owed heavily at 30%, while Vantage looks more at credit utilization and new credit amounts. Both systems evaluate additional factors like credit history length, credit mix, and recent payment behavior to assess credit risk and assign scores ranging from 300-850 for FICO and lower/higher rankings for Vantage.

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    5 views1 page

    Credit Scoring Model

    Uploaded by

    Pankaj Marye
    FICO and Vantage credit scores both consider payment history the most important factor, accounting for 30-40% of the score. FICO also weighs amount owed heavily at 30%, while Vantage looks more at credit utilization and new credit amounts. Both systems evaluate additional factors like credit history length, credit mix, and recent payment behavior to assess credit risk and assign scores ranging from 300-850 for FICO and lower/higher rankings for Vantage.

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    © All Rights Reserved
    Download as PPTX, PDF, TXT or read online from Scribd
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    Credit Scoring Models

    FICO Score Vantage Scores

    15%
    Length of  40% Payment History - Extremely influential
    30% Credit History
    Amount Owed
     20% Credit Utilisation
     11% New Credit 34% - Highly influential
    10%
    New Credit  3% Available Credit
     21% Age And Type Of Credit
    35% 10%
    Payment History
    Credit Mix  5% Recent Behavior

     FICO Scores range from 300 to 850, with higher Emphasis on Trended Data, which looks at your credit
    scores indicating lower credit risk. usage over time, rather than taking a snapshot of one
    moment in time.
     Higher FICO Scores often result in better loan terms
    and interest rates.

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