Last year, credit companies were touting a new credit scoring system that was in the works. The VantageScore was supposed to simplify credit scores. The system was based on an easier to understand scoring model.901-990 = A
801-900 = B
701-800 = C
601-700 = D
501-600 = F
So, what happened? I've yet to see these scores on any credit report and I've heard nothing about the VantageScore this year. Is it still in the works? Or was it more hype than the Y2K panic? Fair Isaac has introduced a new scoring model for 2008, but the scoring system will still range from 300 - 850.
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