What is a Vantage Score?

The Vantage Score is a credit rating system developed by the top three credit agencies, Experian, Equifax and TransUnion. 

It was launched in 2006 and competes directly with the Fair Isaac Corporation's FICO score, the most widely used credit scoring system.  The Vantage Score rates an individual's credit from 501 to 990, and at the same time gives each individual a letter grade ranging from A to F.  It is used more in consumer lending and auto lending than in mortgage risk assessment.