Who Uses VantageScore? These Banks, Mortgage Lenders, etc...

Short Answer

VantageScore is used by banks like Capital One, Chase, and U.S. Bank, mortgage lender SoFi, and tenant screening service providers ApplyConnect, Cozy, and LeaseRunner. For more information on who uses VantageScore — as well as places that don’t — see below.

Table of Contents

What Is VantageScore?

VantageScore is a credit scoring system similar to the Fair Isaac Corporation (FICO) scoring system. Like FICO, VantageScore is often used by landlords, banks, and mortgage lenders to calculate the risk involved in lending someone credit or money. But, a key difference is that while FICO requires at least six months of credit history before it provides a score, VantageScore calculates a credit score after one month of credit history.

There are currently two versions of VantageScore: VantageScore 3.0 and VantageScore 4.0. Both versions give a credit score between 300 and 850. The latest version includes updates to the scoring system that give less weight to tax liens and civil judgments. It also prioritizes credit card debts over unpaid medical bills. All of the features of VantageScore 4.0 can be found on the VantageScore website.

Who Uses VantageScore?

We’ve listed the places that use VantageScore — from financial institutions and mortgage lenders to rental agencies and tenant screening services — along with the version each company uses.

Financial Institutions

Capital One

Version: Capital One uses VantageScore 3.0 for its CreditWise credit monitoring service. For other services like credit card applications, Capital One would not disclose whether it uses VantageScore or FICO.
Source: Capital One customer service representatives; Capital One CreditWise page

Chase

Version: Chase uses VantageScore 3.0 for the Chase Credit Journey, which allows customers to monitor their credit score. For other services like loan applications, Chase uses your credit report and FICO score.
Source: Chase customer service representatives; Chase Credit Journey page

U.S. Bank

Version: U.S. Bank uses VantageScore 3.0 for its Because You’ve Earned It program. For other services like credit card applications, U.S. Bank uses FICO.
Source: U.S. Bank customer service representatives; U.S. Bank Because You’ve Earned It page

Mortgage Lenders

SoFi

Version: SoFi uses both VantageScore 4.0 and FICO.
Source: SoFi customer service representatives; SoFi website

Rental Agencies and Tenant Screening Services

ApplyConnect

Version: ApplyConnect uses both VantageScore 3.0 and FICO for its tenant screening credit checks.
Source: ApplyConnect representative; ApplyConnect website