July 1, 2015
Until recently, FICO was the only credit scoring formula that mattered. Now the leading score has a real rival: the VantageScore.
“That’s essentially the calm before the storm, as that kind of activity indicates more adoption,” said CreditSesame credit scoring expert John Ulzheimer, who has worked for both Fair Isaac (FICO), which created the FICO score, and credit bureau Equifax (EFX). “They’ve solidified themselves as FICO’s primary competitor, which isn’t a bad place to be.”