Your 780 credit score might not be as great as you think it is. It all depends on which credit score you’re talking about.
If you’re referring to a FICO score of 780 out of 850, that’s excellent but 780 is only so-so on the VantageScore model, which tops out at 990.
The eight most common credit scores used by lenders and consumers, range from as low as 150 to as high as 990. The most commonly used credit score (used by 90% of lenders and others who use credit scoring) is your FICO score (MyFico.com). Then the three major credit bureaus, TransUnion, Experian and Equifax each have their own scores. TransUnion’s TransRisk score ranges from 300 to 850 and the Equifax Credit Score ranges from 280 to 850. Meanwhile, one of Experian’s scores ranges from 360 to 840 while another goes from 330 to 830. And then there’s the score the bureaus created together—the VantageScore—which ranges from 501 to 990. Read more