Understanding the world of credit can seem like a challenge. There are a lot of numbers to keep track of and you may worry that you are getting something wrong when every company sems to do it a little differently from another. While you may be familiar with the FICO score because it tends to be the standard for a lot of companies and lenders who want to check your score, and even for a landlord before you move in, another score that you may want to consider is the VantageScore.

After a little bit of research, you may find that the VantageScore works just like the FICO, except that it was created by a different company. This one is done by the three major credit agencies rather  than by the FICO company. They were able to use the information that they were already collecting for the credit reports and turn it into a way to make some more money as well, selling the score to people who wanted to keep up with all of this.

The good news is that the Vantage and the FICO scores are both going to use the same kind of information when it is time to figure out your credit score, so it is possible that the two scores are going to be very similar. However, the VantageScore is a good one if you do not have enough of a credit history (such as if you just moved out of the house) to do a FICO report. This can help you to still start up your finances and credit without having to wait for the FICO report.

To get that FICO score in the first place, you usually need to have one account open for a minimum of six months. If you have just moved out of the house, you may not have that and won’t be able to get a credit score. Vantage is able to use machine learning to evaluate your finances and give you a credit score, even if you are limited on your credit history at the time.

When you are looking for  apartments near the University of Houston, you have to act quickly. This is a great area to call your own and allows you a short commute when you are trying to get classes done. That is why it is time to come take a look at some of our apartments to see if they are right for you. These provide a great location, plenty of space, and all the amenities that you are hoping for. Contact us today to schedule a tour with a member of our staff.