Tag: creditworthiness

Decoding Your Credit Score: FICO vs. VantageScore
July 16, 2024 Off

Decoding Your Credit Score: FICO vs. VantageScore

By The Admiral Staff

The article explains that there isn’t one single credit score, but rather multiple ways to calculate it, with the most common being the FICO Score and VantageScore. Both range from 300 to 850, with higher scores indicating better creditworthiness. FICO, historically used by mortgage companies, has various versions (like FICO 10), while VantageScore was created by the credit bureaus as an alternative and can score individuals with shorter credit histories. Payment history is the

Unlock Your Financial Future: The Free FICO Score You Need
August 3, 2023 Off

Unlock Your Financial Future: The Free FICO Score You Need

By The Admiral Staff

Discover is now offering a free FICO scorecard to everyone, even non-cardholders, allowing individuals to check their credit score without impacting it. This is significant because people often have multiple credit scores that vary, and most lenders use the FICO 8 score. Obtaining this free scorecard provides a clear picture of creditworthiness and can help individuals identify and address any issues impacting their score.