- Payment History
It’s important to know and stay on top of your credit score for any future financial decisions.
Your credit score is used when you do things like:
VantageScore will allow you to track your score over time to watch how it is trending.
*Score is displayed for primary borrower only, and will be updated quarterly.
VantageScore is a credit rating product offered by the three major credit bureaus (Equifax, Experian, and TransUnion). The VantageScore was developed as a tool to compete with the FICO score, which is well known to most people. VantageScore is a major tool used by lenders and creditors in making lending decisions.
Keep in mind, your VantageScore credit score will vary between the three credit bureaus. While the major credit bureaus use the same scoring model, the information on your credit report may differ from bureau to bureau. OneMain customers can get their most current score from Experian for free by logging into your account at OneMainFinancial.com.
Getting a copy of your VantageScore credit score is easy for OneMain customers. Log in to your account at OneMainFinancial.com and you will see your most current score displayed on your account summary page. You can also use the links on that page to see how your score has evolved over time. The score is displayed for primary borrower only, and will be updated quarterly.
If you don’t have an account yet, sign up now!
If you are not currently a OneMain customer, you can get your VantageScore by contacting one of the three major credit reporting agencies (TransUnion, Experian, or Equifax) to request your current score. A fee may apply, however.
What influences your VantageScore credit score?
The FICO® score is a proprietary credit scoring methodology developed by the Fair Isaac Corporation. The VantageScore credit score was developed by the three bureaus as a competitor to FICO® score.
Here are some of the main differences between VantageScore and FICO®.
300 – 850
300 – 850
Takes into account 6 components of your credit report; payment history, utilization, balances, depth of credit, recent credit, and available credit.
Takes into account 5 components of credit report: payment history, amount of debt, credit history, types of accounts, and inquiries.
VantageScore claims to score consumers with little or no credit history more accurately.
Consumers with little or no credit history often cannot generate a credit score at all, or are scored with inflated, high scores because they have few credit actions on file.
Yes. While all three bureaus use the same scoring model, the information on your credit report may differ from bureau to bureau.
Getting a copy of your VantageScore credit score is easy. If you are a current OneMain customer, you can get your score now through OneMainFinancial.com. All you need to do is create an online account at OneMainFinancial.com, if you don’t have one already.
We've recently upgraded to VantageScore 3.0, a newer version that more closely aligns with FICO scoring. Scores for this updated version range from 300 to 850 (the same as FICO), so your new credit score shown above is likely to be noticeably different than before. While the change is likely due to the upgrade, your recent credit activity may have also impacted your score. Your credit score will continue to be updated quarterly on your account management page, as it always has.
A credit score is a three-digit number derived using a mathematical formula from the information in your credit report. A credit report, also known as a credit file, is composed of credit-related data, such as your loan types, balances, original loan amounts, and payment history, gathered from different sources by a credit reporting agency (CRA)..panel-default
Since a score is based on frequently updated credit files, it will likely vary over time.
Lenders aren't the only ones who may use your credit score. For example, landlords and cell phone companies may also use a credit score to determine the amount of deposit required.
The codes that appear on your credit report are usually reason codes. Reason codes are letters and numbers that typically correspond to a description, which help you understand how information in your credit report affect your credit score. Sometimes reason codes are called score factor codes.
Examples of reason codes:
31 - No open bank card accounts
27 - Sum of balances on revolving accounts is too high
39 - Presence of severe delinquency/derogatory status on accounts
Usually when one of the national credit reporting companies provides a credit score, reason codes are also generated. Their purpose is to help you understand how the information in your credit files affects your credit score. Click here to get more information on reason codes: ReasonCode.org
When you receive your credit score, you will also see "reason codes" that are provided to help you understand the factors affecting your score. ReasonCode.org is a website dedicated to helping you better understand reason codes and how you can improve your scores based on the reason codes you have received.
OneMain Financial is an Equal Housing Lender.
CA: OneMain Financial Group, LLC and OneMain Financial Services, Inc. and OneMain Consumer Loan, Inc. – Loans made or arranged pursuant to Department of Business Oversight California Finance Lenders License. NH: OneMain Financial - NMLS # 1339418 and OneMain Consumer Loan, Inc. - NMLS # 937358. PA: OneMain Financial Group, LLC and OneMain Financial of Pennsylvania, Inc. and OneMain Consumer Loan, Inc. – Licensed by the Pennsylvania Department of Banking and Securities. RI: OneMain Consumer Loan, Inc., Rhode Island Licensed Lender and Licensed Small Loan Lender.
For residents of the State of Washington only: OneMain Financial Group, LLC - Consumer Loan Company License - NMLS # 1339418, OneMain Financial of Washington, Inc. - Consumer Loan Company License - NMLS # 36167, OneMain Consumer Loan, Inc. - Consumer Loan Company License - NMLS # 937358 and OneMain Financial Services, Inc. - Consumer Loan Company License - NMLS # 1056. Click here for the NMLS Consumer Access Database.