VantageScore, in simple terms, is a credit scoring model developed by the three major credit bureaus: Experian, Equifax, and TransUnion. It helps lenders assess a borrower’s creditworthiness using a scoring scale that typically ranges from 300 to 850. VantageScore evaluates factors like payment history, credit utilization, length of credit history, and total balances. While it shares similarities with the FICO Score, VantageScore has unique algorithms that may include shorter credit histories, making it more inclusive for borrowers with limited credit experience.