Extremely Influential
- Payment History
Free VantageScore Credit Score
Another benefit for OneMain customers1
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:
- Buy a home or rent an apartment
- Apply for a car loan
- Apply for a debt consolidation loan
VantageScore will allow you to track your score over time to watch how it is trending.
1 Score is displayed for primary borrower only, and will be updated quarterly.
What is a VantageScore?
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 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.
How do I get my score?
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?
- $
- %Highly Influential
- Age & type of credit
- % of credit limit used
- =Moderately Influential
- Total balances/debt
- <Less Influential
- Available credit
- Recent credit behavior and inquiries
Credit score FAQs
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®.
Score Range
VantageScore
300 – 850
FICO
300 – 850
Credit History
VantageScore
Takes into account 6 components of your credit report; payment history, utilization, balances, depth of credit, recent credit, and available credit.
FICO
Takes into account 5 components of credit report: payment history, amount of debt, credit history, types of accounts, and inquiries.
Credit Health
VantageScore
VantageScore claims to score consumers with little or no credit history more accurately.
FICO
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.
- $Extremely Influential
- Payment History
- Make sure to pay your bills on time
- Payment History
- %Highly Influential
- Age & type of credit
- % of credit limit used
- Maintain a mix of accounts (credit cards, auto, mortgage) over time to improve your score
- =Moderately Influential
- Total balances/debt
- Reduce the amount of debt that you owe
- Total balances/debt
- <Less Influential
- Available credit
- Recent credit behavior and inquiries
- Don’t open too many accounts too quickly
- Only open the amount of credit that you need
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.
