Play Video

Mobile users keep scrolling down to read the law…

NOTICE: Did you do an address forward and you are not seeing junk mail etc?  Understand what class of mail will or will not get forwarded to you via: and see if the mail you are looking for fits within the class of mail you have a concern with. 
Putting your new file information together for submission to us
To get started on your file we need a new email address, a new phone number and a new mailing address that has never been used before from you.
  This is how you get that done:
  New Email & Phone Number:  
  Option #1:   
Add a new Google email account to the phone you have now for your new email account for your new file. After you log into your new Gmail account (that you have never used before) for the first time you can then download Google Voice via the new email you just made which will also provide you a new phone number for you new credit file. This method is free.
  Option #2: 
If you think it would be better to separate the phone you have now with having all of your new file data and phone number and email address on a separate mobile device so you don’t get confused and mess up your file by cross contamination so to speak than buy a cheap smartphone from Target for Mint Mobile (very cheap and amazing fast and easy setup). You will be able to manage your new credit file in a premium way with no room for error.  This option will probably cost you around $100 bucks.
  New Mailing Address:
  You CAN NOT use the same address you have been using now or in the past to get mail. You MUST use a mailing address you have not used before.
  Option #1: 
Use a family or friends in which you have never ever received mail at before from any mail service or carrier. Cost FREE.
  Option #2: 
Do an address forward from select mail forwarding on their website.
If you select this option we will provide you a home address from the city you live in now and then you will just forward from that new physical address we give you to a place you have never collected mail from. This can be a P.O. box, friends, or relatives address.
Cost $1 if you do it online. You  can pay the $1 with a gift card or any credit or debit card you have now and not worry about new credit file merging.
If you want the FREE option you just get a mail forwarding card from the post office and drop it in the mailbox. If the post office is out of mail forwarding kits you can:

Print this and mail it:

We can help you fill it out if you have questions.
Option #3: 
Get a P.O. Box. Cost around $50 for 6 months.
There is also the option of getting a mail box that mentions, “A real physical address” etc..
After you have the 3 new pieces of information let us know and we can start on your file ASAP.
***A note on your address:
You cant have home or work addresses away from the state you are actual living in and using credit cards. When you get approved for credit cards you would get a fraud alert flag on the credit card used since the card is being used out of state and you didn’t do a travel notification prior to using the card. Obviously this can be a hassle unless you have a really good reason for needing to have all your new data in another state and you don’t live there.
Let us know if you have any other questions.
  • When applying for credit ALWAYS use your new address associated with the CPN, if your license or ID still contains the old address make sure the creditors do not run it with your CPN because this will merge your old credit profile with the new one. Just tell the creditors that you did not update your address on your ID and or you have been a victim of fraud under that old address (many people have been and not know it).
  • Do not attempt to refinance anything that was purchased under your SSN with the CPN profile number no matter how great the rates look, because this will also merge your credit profiles together and will be denied credit.
  • Very Important: Never allow anyone to run your old address or any information other than the information you provided them with. It is illegal for someone to use information you did not provide them with for credit check.
  • Do not use profile for government programs where a social security card has to be presented (for example HUD home loans), filing taxes or employment, this is illegal!
  • When applying for credit or setting up a credit monitoring, provide the “exact” same information and “correct” spelling that was placed under your new credit profile
  • It is best to set up a credit monitoring like prior to any tradeline posting to your credit profile. Once the tradelines post it will change your current address to the address associated with the tradeline. As a result, when trying to pull up a copy of your credit file and it asks for the current city and county, you will not be able to provide it. Thus, it is important to know what’s on your credit report at all times!
  • If you used companies from another credit file you will want to choose alternates on your new file. That way you don’t share identical user agent data with the same company. That is why again we strongly recommend not to do anything with your file until we tell you to so we can take all the know data points you have with us in consideration to your specific goals. you have a digital fingerprint on the devices you use:
  • If you are trying to set up credit monitoring before the public records submissions are done you will not be approved to have an account with them because the public records have not finished populating into the system for the credit monitoring services to have data to even reference.

When applying for credit ALWAYS use your new home address associated with the CPN.

Option 1:

You can get an ID (not a drivers license). Fill out the new ID application with all your old regular information except you are putting your new home address associated with your new credit file. 

That way you have an ID to support ID credit verification.

If you need 2 forms of ID use a passport as it does not have an address on it but is accepted as a second form of ID.

Option 2:

If your license or ID still contains the address from your original credit profile make sure the creditors do not run it with your CPN because this will merge your old credit profile with the new one. You do not want that to happen because it will destroy the CPN you worked so hard to attain.

Just put your new address on all new credit applications with your new CPN number.

Alternatively just tell the creditors that you did not update your address on your ID and or you have been a victim of identity theft under that old address (many people have been and not know it).

     Identity is an important factor when managing your new credit and its important to have the right tools to help other parties identify you in commerce.

Since you have opted for credit privacy and you need to protect your SSN for retirement and Social Security we can recommend some methods to help you provide proper information when submitting to issuers.     

Typically as long as the issuer sees it is you on the identification while you are holding the I.D. they can make enough of a determination that someone with a heartbeat is doing service with their company and not a bot running as many applications as possible etc..

This is in the event the issuer you want to do business with requests a selfie while holding your id. Which you can choose to provide or decline further contracting with the company if you feel its overstepping your rights to privacy and you have objections to having your picture taken.

In the event that you need to take maters in a more liberal direction and you need any type of Documents, Job Verification’s or similar digital and physical tools of survival then there are third party providers online that provide those services that are really good.

If you would like a good recommendation if you choose to go that route we can point you in the right direction.

Since its important to not have old data mix with new data be sure to read the other Questions & FAQs on this page.

A: Yes.

Option #1

Have a friend or family member install a free phone number app on their phone. They want to register a new number with the area code that is the same as you work area code number.

Next, whatever business you have listed as your actual work number you can call them and see how they answer the phone if you want to research ahead.

Have a good time set aside for you and your friend to have the same few hours free to complete this task so your friend is free to answer the phone call no matter what from during the time you are in the office till a few hours after you exit the apartment complex office.

When you put down you friends app work number on an application you expect a call from (like from an apartment complex) your friend can answer the phone the exact same way except using the word “administration” at the end of the welcome greeting like, “Hello, Happy Hearts Memorial Hospital Administration, how can we help you today?”

When the apartment complex manager (or whomever) asks to verify employment let the apartment manager know, “Yes, I would be happy to help you with that. What is the name of the employee?” when they say the name be polite and say, “Thank you for that information please give me a moment to check the records and I will be back with you shortly.”

Then put the apartment manager on MUTE for 30 seconds and then return off of the phones mute option with… “Um yes it looks like JIM BOB (or whomever) started on may 17th 6 years ago (give applicable date) and it looks like they are currently employed with us as well. Is there anything else we can help you with?” The Apartment Manager will say, “no thank you” and end the call.

Verification complete!

Option #2

If you do not have a confidant to help you with option #1 then you can go to or and look for a Job Verification service in the state your “New Home Address” on your file is located. That way their area code will fit in to your profile.


Researching ahead: If you call the complex from a free phone app number and you ask if they will be calling your work to verify employment if you decide to rent there, and they say, “yes” and you don’t have or don’t want to do job verification set up then move on to another complex.

The key is doing research on the properties procedures before applying so you are prepared ahead of time.


     Client Question:

“I gave the apartment office manager a copy of my driver’s license. Is that OK?

Client Question:

“I gave the apartment office manager a copy of my driver’s license. Is that OK?

     LNCF Answer:

If you don’t employ one of our alternate identity providing choices listed on our facts page and your going to use your Identification that is attached to your bad credit then:

No one legally can control the direction of YOUR data & information but you.

Yes you can show the complex manager your id for in-person identity verification but not to be used to run the address that appears on your D.L. or Identification Card.

If you tell them that you have been a victim of identity theft and that the address on the ID is not where you live anymore then they have to only run the address you gave them on your application.

Say, “”PLEASE don’t run the address on the ID, I haven’t updated my address yet and I am a victim of identity theft. Please just use my moms/my new address I put on the application to run my credit please. Thank you”!

It is illegal for someone to run info you tell them specifically not to.

If they choose to run the address on your anyway, during the sit down or after you leave, they may assume you don’t know its a violation of your rights to do so.

Its better to ask us about how to move forward in a future situation than just before your right in the middle of the situation so you can be prepared.

Know that you KNOW what to do even when you feel underconfident. Just communicate with comfortable confidence and easy going direction with how you tell them how to handle YOUR information.

It you need a refresh on your legal position contact us.

Bottom line: you just want to take authority of what the business manager is doing with YOUR information at the time.

CPN Packages

A: Yes if you want to almost guarantee your file gets ruined.

We recommend:

If you get 6-18 months no interest on a credit card introductory offer or two you will be paying zero interest on the money. You then can balance transfer to your bank account up to %100 of the available credit balance.

On a lot of credit card account %50 balance transfer is common.


You wont have a huge interest payment on a hard money loan and you can make more reasonable amounts work for you without overhead interest looking on your new portfolio.

First you will need to understand a few things.

CPN numbers are designed to be used for credit reporting purposes exclusively.

So you cannot register your new vehicle using a CPN number.

You will need to use your Social Security Number.

You may be asking so where does my CPN number fit into all of this?

Simple, you will be using your CPN for your Auto Loan and your SSN to register and insure your car.

Here is what you will need to do:

First you will need to find a legitimate dealer that knows how to use CPN numbers for auto purchases.

This is simple, most big franchise brands just rather not deal with CPN numbers because a lot of people have used them to defraud these dealers out of millions of dollars.

So, you will need to find a smaller mom and pop type dealership that offers bank financing, not in house financing.

Call them and ask to speak with their finance department.

Ask them plainly do you accept CPN numbers for vehicle purchases?

Once you find the dealership gather the following documents before visiting them: 

  • Drivers license (see “How To: Drivers License | ID” above for more info)
  • alternative form of ID such as a Passport or Passport card
  • Pay stubs
  • and proof of residence

You can do a quick google search for pay stub providers.

They normally cost around $40 they may also be able to help you with the proof of residence for around the same price.

Make sure you have at least 10% down payment if you have not added trade-lines to your CPN number.

Also make sure to wait at least 10 business days from making your CPN number before applying for a loan.

This will give your public record enough time time be properly published. It will also show a break in the inquiries which is good.

Because if your report is full of the no one will lend to you.

If you have added trade lines follow the same process.

The only difference if you will be able to get a more attractive APR rate and a flexible down payment.

Banks will ask for less verification since there is already history on your report.

As a side note, find a car you can afford to pay on monthly.

Because using a CPN number and defaulting on loans is asking for trouble.

Go to the dealership with everything in hand, pick out your car get your paperwork done and you are good to go.

Please remember all dealerships have their own policies in place.

Call ahead and let them know your intentions instead of just showing up and trying to pass your CPN by as a SSN.

If you don’t already have a CPN number, get access to our Do It Yourself Package HERE. This program will help you generate your own CPN number in under 15 minutes.

     This particular client is in a tight spot!

     They got their credit file and tradeline package 12 days ago with us & the FICO Credit score posted 2 days ago, a 780 (Ye HA!).

Now they are trying to KNOW that they will be able to afford the “getting IN the apartment money” with there new credit file.

Working together we were able to get them approved for the apartment they wanted to get into for move in, but now they may not have enough money on move in day because transition costs were more than they could really afford.

So, they are salivating for credit approvals while looking at a 780 FICO credit score we got them on their but the primary tradeline hasn’t posted yet...

Our reply:

I think its safe to say you have been very anxious from the start about the spot your in & you want a time machine to get through the nail biting parts, and we get it.

But like I have been saying until posts on your profile you will not get enough of a starting credit line for it to really help you.

(…from our BASIC package so far they have received a new file, 80+ public records posted 7 days ago and a (1) very old CHASE AU & a large dose of other proprietary data management techniques that’s making their score and file look really great.)

We continue…

Sure, you will get approved on 1 or 2 cards starting off but if you keep trying to make credit inquiries on your account you will look to the creditors to be desperate with new credit and will assume that regardless of the house and area code your house is in you are a high risk, so there will be lower approvals than the $1,200 – $7,500 approvals we want for you.

Our digital behavior says so much without even talking to anyone.

We provide premium data and its up to the user to make their free will choices.

and to answer your question yes, there is a difference between an A.U. Tradeline aka Authorized User Tradeline and a Primary Tradeline.

A Primary is an account that you directly got approved for.

Someone didn’t just do you a favor and vouch for you that you were a worthy credit risk and added you as an AU.

When both in combination are utilized as well as deep public records they understand that the digital investment and logic that was generated is worthy of risk.

That’s pretty much it.

We can get you there, but you have to play the game.

Please let us know if you have any other questions.

A: A CPN Number (Credit Privacy Number) a.k.a. SCN Number (secondary Credit Number) is a nine digit number separate from your social security number used to track your credit activities and history such as a EIN, ITIN, TIN or SSN, but their can be other formalized government or institutionally issued 9-digit number’s which can be issued and used for credit purposes.

Your new number will protect your Social Security Number (SSN) from identity theft.

A: Our CPN Number’s come from a trusted independent third party ENCRYPTED SUPPORT LP Data Science Department to assure the new number has been scanned from any and all databases from being any other persons or entities.

Everything is done in vain if the foundation of the number is not clean.

Sometimes new credit file providers will not do their due diligence on a number and then there can be approval issues in the future with up to half of all credit submissions requested.

Don’t go through that. Get a good, clean new credit profile number you can rely on with us.

A: You can use your new credit file for any credit reporting purposes.

Use it to open bank accounts, credit cards, personal loans, auto loans, apartments, utilities, cable, cell phones, medical and dental etc.

A: No. The CPN Number does not replace your Social Security Number (SSN), the CPN Number can only be used for credit reporting purposes.

It cannot and should not be used for any government purposes including and not limited to: military, child support, DSS income, SSI, taxes, FHA, VA, or any government backed funding, which requires an individual to list a SSN number.

You will be using your Credit Privacy number for private financial institutions that extend credit like most traditional credit cards, bank offers (non-interest bearing checking account so no tax liabilities), and many other credit providers like Affirm and Klarna etc.

A: As soon as you call or submit your online registration we can get you started.

Additionally, you will be assigned an account manager to get your process finished as soon as possible. 

A: Yes! You are responsible for all debts on your old report and debts incurred with your new credit profile.

You must remember that while you are rebuilding your original credit, you must use your new number wisely.

The short answer to, “Are they Legal?”

Having a CPN is legal, but claiming your CPN is your SSN is not. You can have a
second credit profile within the credit bureau system without an issue. Many people
choose not to give out the SSN for fear of Identity Theft and privacy concerns among
many other reasons.

As of right now, there are no laws that state you cannot establish a second 9- Digit
number FOR CREDIT PURPOSES only. It is your legal right to keep your Social Security
Number private and use a separate number for credit related purposes.
You are only required by law to disclose your Social Security Number to the Internal
Revenue Service, your employer, and most recently, due to the Patriot Act, when
registering a motor vehicle.

Based on the 1974 Privacy Act, you are only required to give out your Social Security
Number for the following reasons:

1) For Employment
2) For Tax Purposes
3) To Obtain a Driver’s License
4) To Register a Motor Vehicle
5) To Receive Public Assistance

You can legally refuse to disclose your Social Security Number for any purpose other
than those specified above. Just remember, they have the right to deny doing
business with you.

“I would not use a CPN especially if you have questionable credit,” said John C. Heath, a credit expert and consumer attorney for Lexington Law. “It may be seen as an attempt to deceive a creditor about your creditworthiness (even if that is not your intention).”

Correct answer:  What Lexington Law is not telling you is that it is completely legal to use a CPN to conduct your personal financial business…obtaining basic consumer type credit. If you do not pay these bills that’s when you can get yourself in trouble if they prove that your intention was to purposely elude creditors and evade paying your committed debts.

“CPN sellers also often tell consumers they can apply for and receive credit from lenders and that their credit transactions will be reported to the three major credit reporting agencies — Experian, TransUnion and Equifax.”

Correct answer:   When we register the CPN number and your personal information with all three bureaus this is EXACTLY what occurs…No myth!

“Equifax asks for Social Security numbers and not alternatives,” said Nancy Bistritz, director of public relations and communications for the credit reporting agency.

TransUnion sent us a similar statement….

“TransUnion uses Social Security Numbers to identify consumer data for credit reports,” said David Blumberg, public relations director for TransUnion. “This approach is the standard for our industry because it supports the most accurate matching.”

Correct answer:   The five agencies that require you to give them your SSN do not include the private sector credit bureaus. This is the premise as to why the number is completely 100% legal for use to conduct your personal financial business without exposing your sensitive information to these bureaus that are not required on ALL levels to access it. The Equifax breach is a prime example why EVERYBODY should possess a CPN number!

“If these numbers are such scams then why are consumers in danger of prosecution when countless companies are clearly marketing and selling them without recourse. Seems that if the CPN is in fact illegal then some accountability lies with the agencies that issue them……additionally, I’ve known about the CPN for years now and have seen several individuals “start over” with them and how are lines of credit being offered and approved if reporting agencies don’t except or recognize them?”

Correct answer:  Because they are legal to have and use as long as you pay all of your bills responsibly. They just try to discourage the purchasing and use of them through manipulative ads and vague interpretation of the law betting that most consumers are dummies!

“Why does the Social Security Administration offer them if you can’t use it for anything legitimate? Doesn’t make sense.”

Correct answer: They are issued by the SSA to all immigrants when they come over to work. They tell you its not for work and its not a social security number. Then what is it?  It is a CPN used for personal financial business!

Companies offering credit privacy numbers boast two big selling points. Nonetheless, despite these supposed pros of getting a CPN, Credit Privacy Numbers end up still being a hindrance when it comes to getting a business loan.

Correct answer:   You can only use it to obtain credit and financing personally and then use the personal funds to accellerate your business. As well as register the CPN number as a trade name with the IRS to attach as a personal guarantor to an LLC (See our menu item under, “How to register CPN with IRS”).

  1. It protects your Social Security number.

People who are worried about identity theft and dislike the idea of sharing their Social Security number with anyone might get a CPN thinking they can use it as identification instead of their SSN.

In reality, however, if a lender asks for your SSN, they aren’t going to be satisfied with your credit privacy number. Think about it: You’re asking a bank to lend you tens or hundreds of thousands of dollars, trusting that you will pay it back, but you don’t trust them enough to share your SSN?

Correct answer:   This is a weak response…A CPN does protect your SSN! It is a firewall!

  1. It can help you clean up your credit history.

CPNs are often promoted as part of a plan to improve your credit. When you do an online search for “credit privacy number,” lots of credit repair programs pop up. By using the CPN, these companies claim, you can apply for credit cards, lines of credit, or loans, and the companies involved will never find out that you have bad credit.

Correct answer:  This is true in most cases…and these companies are not priveledged enough to have entitlement to your SSN credit.

However, it’s pretty obvious rather than improving your credit history, the credit privacy number is intended to hide it. And common sense will tell you that as long as the CPN is connected with you—your name, address, and other identifying information—it’s a simple matter for credit sources to uncover your credit score, no matter which ID number you use.

If anything, using a credit privacy number will make them more suspicious of your creditworthiness. And though it’s a difficult reality to face, that’s why you should focus on fixing your score instead.

Correct response:   A CPN is the first step to fixing your credit past. It allows you to stop using your SSN for credit and allows you to continue forward. Only then can you stop and fix your SSN credit. Down the road you should bring both of the files together to report together.


Correct answer:   There is no new law and they are not in the CPN business and do not report tradelines to CPNs. That is why they are full of reckless irresponsible banter. They have no knowledge of them and they know by talking about CPNs it will increase their Google rankings.

“What Is A CPN? Fraud Just Waiting to Happen- Wallethub”

Correct answer:   Only if you take the money that you obtained by using the CPN number and don’t repay it. They will say that you intentionally misled creditors and that is fraud! They have no knowledge of them and they know by talking about CPNs it will increase their Google rankings.

“Your One-Way Ticket to Jail, the Credit Privacy Number- Creditsesame”

Correct answer:   Only if you take the money that you obtained by using the CPN number and don’t repay it. They will say that you intentionally misled creditors and that is fraud! They have no knowledge of them and they know by talking about CPNs it will increase their Google rankings.

“What Is a Credit Privacy Number? Nerdwallet”

A credit privacy number, or CPN, is a nine-digit ID that can be used in lieu of a Social Security number for credit reporting and other financial purposes, like applying for a loan. Also called a credit profile number, a CPN is primarily used for tracking credit history or applying for loans. You’ve probably heard of CPNs in the context of credit repair: A company will promise to issue you a CPN that will make it easier to qualify for new credit or get rid of bad debts. But be careful: Sometimes, those companies are selling a service that’s useless or even outright illegal.

So why use a CPN instead of an SSN, anyway?

Like an SSN, each person can only have one CPN. It’s used as a unique identifier for your financial transactions and lets lenders and credit reporting agencies keep an eye on your borrowing history. However, a CPN can help you keep your finances safe and hidden from the public eye. For that reason, it’s popular among elected officials, celebrities and people in witness protection programs. As the name implies, it’s mostly used by people who need a little extra privacy.

A CPN isn’t always a substitute for an SSN, though: You can’t use it for documents submitted to the IRS or an employer, registering a vehicle or applying for a government loan, for instance. If you have a CPN, it’s on you to know when you can and can’t use it.

A: Title 5 of the United States Code Annotated 552(a) known as the Privacy Act, ruled in part: “Right to privacy is a personal right designated to protect persons from the unwanted disclosure of personal information.” – CAN Financial Corp vs. Local 743, D.D., I11, 1981 15F. Sup. 943, I11.
(A)(1) “It shall be unlawful to deny any individual any right, benefit, or privilege provided by law because of such individuals refusal to disclose his or her social security account number”.
Pub. L 93-579: (B) “Any Federal, State, or Local Government Agency which requests an individual to disclose their Social Security Account Number shall inform that individual whether the disclosure is mandatory or voluntary, by what statutory or other authority such number is solicited, and what uses will be made of it.”
The Equal Credit Opportunity Act (ECOA) prohibits creditors from denying you a loan based on reasons that have nothing to do with your credit-worthiness.

A: By understanding the law and applying credit re-establishment techniques, our proven methods specialize in the establishment of credit through a completely new legal credit file.

With a new credit file, you will be able to build a new credit-worthy profile with a high FICO score very quickly.

The following link is an exceptional intro into managing any credit file effectively:

Credit Scores, Reports & Monitoring

A: No.

We don’t know any policies another company changes at any time and how that can affect the hundreds of options a consumer has to credit tools that are on the market.

If you choose to do business against our recommendations with a company you can choose to proceed. When we strongly recommend against applying to a company’s account unless they are verified by us.

Keep in mind the age of any file is your friend. Every day your consumer file gains value because of its age and activity. The more intelligible the human choice activity behind the file the more value is distributed to the file from 3rd parties

A: As soon as your new credit file has been assigned to you, your new credit profile is created, then you can start applying for credit only after the tradelines have posted to your new credit profile, and you have a posted FICO credit score associated with your new file. 

A: YES; You can use your new credit profile obtain major credit cards, department store cards, gas cards, auto loans, bank loans, real estate, and any other type of financing you desire.

A: Private money lenders only not government loans.

A: The only way your new credit profile can get mixed in with your old with our service is by willingly disclosing your old credit profile information with your new one. Please download our free guide to understand how to manage your file responsibly. 

New CPN File | National Standards & Practices | 2022

How to legally manage your new consumer credit file. National Codes of Conduct for New Credit. Questions call support @ 1 (800) 597-2560

There are many different credit scoring companies and credit scoring models, or differing methods of calculating credit scores. Credit scores are calculated based on the information in your credit reports.

Depending on which model, or even which credit bureau furnishes the information used in calculations, your credit scores may vary.

Lenders and creditors may use your credit scores to help determine whether to approve your application for credit. Before approving you, they want to know: What’s the likelihood you’ll pay your bills on time?

Lenders generally also have their own lending criteria, which may include other factors, such as your income.

Two of the biggest companies when it comes to credit scoring models are Fair Isaac Corporation, or FICO, and VantageScore. VantageScore is the result of a collaboration between the three nationwide credit bureaus – Equifax, Experian and TransUnion.

Both FICO and VantageScore assign higher credit scores to consumers deemed as lower-risk borrowers, and both currently range from 300 to 850.

FICO scores are generally calculated using five categories of information contained in your credit reports, with varying weight given to each:
Your payment history (35%)
The amounts you owe, or credit utilization (30%)
The length of your credit history (15%)
The mix of your credit accounts (10%)
Your new credit accounts (10%)

VantageScore is calculated with six categories of information contained in your credit reports.

It doesn’t assign percentages to how much weight the categories are given, but instead describes their level of influence:

Your payment history (extremely influential)
Your credit utilization, or the percentage of your credit limits you’re using (highly influential) The length of your credit history and your mix of credit accounts (highly influential)
The amounts you owe (moderately influential)
Your recent credit behavior (less influential)
Your available credit (less influential)

However, there are some differences between the two to highlight:
Length of credit history – To have a FICO score, consumers must have one or more credit accounts that have been open for at least six months and has been reported to the three nationwide credit bureaus within six months.

VantageScore credit scores can be calculated if consumers have one or more credit accounts that have been open for at least one month and one account reported within the past two years.

What does this mean for you?

If you’re new to credit or haven’t used your credit accounts in a while, you may not have a FICO credit score, but you may have a VantageScore credit score.

Hard inquiries – if you’re applying for a vehicle or student loan and shopping around for the best loan terms, both FICO and VantageScore count multiple hard inquiries for the same purpose on your credit reports as one inquiry for a certain period of time to minimize the inquiries’ impact on credit scores.

The time period, however, generally differs. FICO uses a 45-day span, while VantageScore uses 14 days. And while FICO only includes mortgages, vehicle loans and student loan inquiries, VantageScore will do the same for hard inquiries dealing with other types of credit, including credit cards.

One note: All mortgage loan inquiries within about 45 days count as one inquiry, according to the Consumer Financial Protection Bureau.

Collection accounts – If your past-due account is sent to a collection agency, it may impact your credit scores from either company. But FICO generally ignores smaller collection amounts, when the original balance is below $100. VantageScore, meanwhile, doesn’t factor in paid collections, but includes all unpaid collections regardless of amount.

If you are applying for credit, you might consider asking which credit score the lender will use to evaluate your request. There is no one credit score used by all lenders and creditors, since there are so many credit scoring models. But knowing the differences in calculation methods can help you better understand what lenders may see when accessing your credit scores.

You can create a myEquifax account to get six free Equifax credit reports each year. In addition, you can click “Get my free credit score” on your myEquifax dashboard to enroll in Equifax Core CreditTM for a free monthly Equifax credit report and a free monthly VantageScore® 3.0 credit score, based on Equifax data. A VantageScore is one of many types of credit scores.

Vertical Video without Thumbnail