How is VantageScore® calculated?
VantageScore® 3.0 considers the following when calculating your score (source):
- Payment history (41%)
Repayment behavior, such whether you pay on time or have delinquencies. - Age of credit (20%)
How long you’ve been using credit. - Utilization (20%)The ratio between available credit and used credit.
- New credit (11%)
The number or recent accounts opened plus credit inquiries (hard inquiries). - Balance (6%)
Total amount of reported debt. - Available credit (2%)
Amount of credit available.
Both FICO® Score and VantageScore range from 300 to 850. However, they divide the categories differently.
VantageScore categories
- 300 – 600: Subprime
- 601 – 660: Near prime
- 651 – 780: Prime
- 781 – 850: Superprime
Start enhancing your credit today.
With CBNA Credit CompanionSM, you can view your VantageScore® and Experian® credit report—for free! It includes access to tools like debt analysis, score simulators and credit education, which can help you build positive credit habits that support a healthy credit score.
To enroll, log in to your online or mobile banking account, look for CBNA Credit CompanionSM, and follow the instructions to sign up.
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Don’t have an online banking account yet? Enroll today.
The credit score provided is based on the VantageScore 3.0 model using data from Experian®. There are various types of credit scores, and lenders may use a different type of credit score to assess your creditworthiness.
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