Luckily the consumer FICO and you will VantageScore credit scores believe in an equivalent underlying recommendations-research from just one of your own credit reports-to choose the credit scores
Lenders can choose hence design they would like to use. Indeed, particular loan providers might want to follow elderly versions because of the brand new money that could be involved with altering. And several mortgage brokers play with more mature types of the base FICO Ratings to follow guidelines from bodies-supported home loan people Federal national mortgage association and Freddie Mac.
Additionally you will wouldn’t understand which credit history and you can get a great bank use before you can sign up. Nevertheless they all of the aim to result in the same forecast-the chance that any particular one will end up ninety days past-due into a statement (in both standard or a specific kind of) within the next couple of years.
Consequently, a similar facts can affect all of your fico scores.