Thank goodness all of the consumer FICO and you may VantageScore fico scores have confidence in an identical hidden information-investigation from 1 of credit file-to choose your credit ratings
Lenders can decide hence model they wish to have fun with. Indeed, certain loan providers you are going to plan to stick with more mature brands on account of the fresh new financial support that could be a part of changing. And many lenders use older types of the feet FICO Results so you’re able to comply with direction off government-backed financial enterprises Federal national mortgage association and Freddie Mac.
In addition commonly would not know which credit report and score a bank uses before you could submit an application. Nevertheless they all the endeavor to make exact same anticipate-the possibility that a person will become ninety days past due towards an expenses (in both standard or a certain type) next two years. Continua a leggere Why With good credit Is important