The first observation of the difference between either one of such scoring models is stating the valuation of either one. What we are aware of is that FICO Scores are employed in more than 90 % of lending choices. While on the flip side FAKO Scores are usually used for "educational purposes" and not lending decisions.
The 3 major Credit Reporting Agencies (CRAs) Experian, TransUnion and Equifax must spend Fair Isaac to license their proprietary FICO scoring algorithm. So the three CRAs banded together to create the Vantage credit rating for their own use and specifically intended to save themselves money. However FICO was but still is the gold standard for lending/best bad credit loans 2021 decisions.
What becomes a lot more fascinating is that the CRAs also promote & use their own individual Brand of scores as well. TransUnion has got the Trans Risk Score with a score range of 300 - 850. Experian created and requires the Experian Plus Score which ranges from 330 - 830 and then there's The Equifax Credit Score that ranges from 280 - 850 in accordance with the Consumer Financial Protection Bureau (CFPB).
If the Vantage score is a good example of the differences between what values are used to build up these differing scores well then we can assume that the individual Brands of scores created by each of the 3 Bureaus will likely then be organized in a similar or same means. Making the subsequent comparison of the Vantage on the FICO scoring designs as well as the values used an important point to make right here.
The initial VantageScore ranges from 501 to 990 and in addition gives consumers a letter grade from A to F. The most recent design, Vantage Score 3.0, works on a scoring range from 300 to 850, the same as a FICO score uses.
Vantage Score 3.0 criteria, ranks FICO Score requirements, ranks

Payment history (32 %), Payment history (35%)

Credit utilization (twenty three %), Amounts owed (30%)