Four Things You Should Know About the New Credit Score

According to www.businessinsider.com, people are talking about VantageScore 3.0

"It's a completely revamped version of the original VantageScore, which is a  generic credit scoring model that has been around since 2006. It was launched as  a joint effort by the three major credit reporting agencies (Experian,  TransUnion and Equifax)."

What are some of the main differences between VantageScore and the other three major credit reporting agencies?

1. It doesn't track debt collection accounts that have been paid in full.

2. Up to 30 million consumers whose credit histories weren't long enough to qualify for a traditional FICO score will now be eligible.

3. It's adopted the same scoring scale as FICO.

4. It won't count negative history for customers impacted by natural  disasters.

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