The VantageScore credit scoring model uses numbers as well as alphabets to assign you were credit score.  The alphabet is used to give you a more familiar reference to whether your credit score is good or not.  In school or college a ‘D’ means that you are down in your grades.  If the same holds true when you get it in your VantageScore credit score.  The alphabet that the VantageScore assigns to credit score is called the risk great and ‘D’ is considered to be a nonprime risk.  In credit lending decisions prime is supposed to be good. So a nonprime risk great means that you are not viewed by lenders as a potential borrower.  Owing to the information present in your credit report you are high risk potential for further credit or loans.

However, when you put your credit score and that the great description you should have also received a summary and description of the factors that are affecting your credit score especially the ones that are affecting it negatively.  Those are the key risk factors specifically credit report and the ones that you should work on.  If you have missed payments in the past or have delinquent accounts on your credit report and that is the information that you cannot change as of now.  It will only go away with time.  But what you can do starting today is to become a responsible user of credit by spending carefully and making your payments on a regular basis.  Using credit in a moderate way and being done the balance every month will serve to enhance your credit rating.  Follow credit behaviour that would have opposed to the impact on your credit report.  In time you will enhance your risk great to a ‘C, ‘B’ or even an ‘A’.

While the credit score may differ from one credit scoring model to another due to different systems and algorithms being used to calculate it, the risks significance of the different credit scores from different sources are usually the same.  Since the risk factors are consistent from one credit score to another you will find that when your credit score with vantage score becomes better, so will you credit score with other credit scoring models.