@joelle

Yes, there are other credit scoring models besides FICO. The FICO (Fair Isaac Corporation) credit score is the most commonly used and widely recognized score in the United States. However, there are alternative scoring models that are also used by lenders and financial institutions. Some of the notable alternative credit scoring models include:

VantageScore: This scoring model was developed by the three major credit bureaus (Equifax, Experian, and TransUnion) as an alternative to FICO. VantageScore uses a similar scale as FICO, ranging from 300 to 850, and considers similar factors such as payment history, credit utilization, length of credit history, types of credit, and recent credit inquiries.
Experian PLUS Score: This scoring model is offered by Experian, one of the major credit bureaus. It uses a range of 330 to 830 and considers similar factors as FICO and VantageScore.
TransUnion New Account Score: This scoring model developed by TransUnion assesses creditworthiness specifically for new credit applicants. It is used by some lenders to analyze credit risk for individuals with limited credit history or recent credit activity.
Equifax Risk Score: This scoring model is offered by Equifax and evaluates credit risk based on various factors, including payment history, credit utilization, length of credit history, and public records.

It's worth noting that different lenders and financial institutions may use different credit scoring models based on their specific requirements and preferences.

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