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Vantage

Check your VantageScore® every month, for free1

Another benefit for OneMain Customers in your online account

Log in to get your score now

Others make decisions based on your credit score. Make sure you do, too

House

Landlords and Mortgage Lenders

When you’re buying or renting a home or apartment, and setting up utilities

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Auto Dealers and Lenders

When you apply for a car loan

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Personal Loan Lenders

When you apply for a debt consolidation loan or other type of personal loan

What is a VantageScore?

VantageScore is a credit rating product offered by the three major credit bureaus (Equifax, Experian, and TransUnion). The VantageScore was developed as a tool to compete with the FICO® score, which is well known to most people. VantageScore is a tool used by lenders and creditors in making lending decisions.

Keep in mind, your VantageScore credit score will vary between the three credit bureaus. While the major credit bureaus use the same scoring model, the information on your credit report may differ from bureau to bureau.

How do I get my score?

Getting a copy of your VantageScore is free and easy for OneMain customers. You can view your VantageScore in your online account or the OneMain mobile app. You’ll see your new score, along with a list of reasons why it may have changed. The score is displayed for primary borrower only, and will be updated monthly.

If you don’t have an online account yet, sign up now! Or download the mobile app.

If you are not currently a OneMain customer, you can get your VantageScore by contacting one of the three major credit reporting agencies (TransUnion, Experian, or Equifax) to request your current score. A fee may apply, however.

What influences my VantageScore?

  • Extremely Influential Total credit usage, balance and available credit

  • Highly Influential Credit mix and experience

  • Moderately Influential Payment history

  • Less Influential Age of credit history, new accounts


Source: https://your.vantagescore.com/score-influences

Why is checking my VantageScore Important?

It’s important to know and stay on top of your credit score for any future financial decisions. Your VantageScore helps increase your:

  • Knowledge – see what factors help build and maintain a good score
  • Progress – keep track as you move closer to your goals
  • Safety – keep tab on signs of identify theft

Credit Score FAQs

The FICO score is a proprietary credit scoring methodology developed by the Fair Isaac Corporation. The VantageScore credit score was developed by the three bureaus as a competitor to FICO score.

Here are some of the main differences between VantageScore and FICO.

Score Range
VantageScore 300 – 850
FICO 300 – 850
Credit History
VantageScore Takes into account 6 components of your credit report; payment history, utilization, balances, depth of credit, recent credit, and available credit.
FICO Takes into account 5 components of credit report: payment history, amount of debt, credit history, types of accounts, and inquiries.
Credit Health
VantageScore VantageScore claims to score consumers with little or no credit history more accurately.
FICO Consumers with little or no credit history often cannot generate a credit score at all, or are scored with inflated, high scores because they have few credit actions on file.

Yes. While all three bureaus use the same scoring model, the information on your credit report may differ from bureau to bureau.

Getting a copy of your VantageScore credit score is easy. If you are a current OneMain customer, you can get your score now through OneMainFinancial.com. All you need to do is create an online account at OneMainFinancial.com, if you don’t have one already.

A credit score is a three-digit number derived using a mathematical formula from the information in your credit report. A credit report, also known as a credit file, is composed of credit-related data, such as your loan types, balances, original loan amounts, and payment history, gathered from different sources by a credit reporting agency (CRA).

Since a score is based on frequently updated credit files, it will likely vary over time.

Lenders aren't the only ones who may use your credit score. For example, landlords and cell phone companies may also use a credit score to determine the amount of deposit required.

Extremely Influential

Total credit usage, balance and available credit

Highly Influential

Credit mix and experience

Moderately Influential

Payment history

Less Influential

Age of credit history, new accounts

The codes that appear on your credit report are usually reason codes. Reason codes are letters and numbers that typically correspond to a description, which help you understand how information in your credit report affect your credit score. Sometimes reason codes are called score factor codes.

Examples of reason codes:

31 - No open bank card accounts
27 - Sum of balances on revolving accounts is too high
39 - Presence of severe delinquency/derogatory status on accounts

Usually when one of the national credit reporting companies provides a credit score, reason codes are also generated. Their purpose is to help you understand how the information in your credit files affects your credit score. Click here to get more information on reason codes:

ReasonCode.org

When you receive your credit score, you will also see "reason codes" that are provided to help you understand the factors affecting your score. ReasonCode.org is a website dedicated to helping you better understand reason codes and how you can improve your scores based on the reason codes you have received.