Scores

Transitioning to a more predictive risk model

Posted on Jul 03 2014 by

Universe expansion is key to any lender’s growth strategy. Sophisticated, advanced risk models, such as the VantageScore┬«3.0 model, allow lenders to score up to 35 million more consumers than other risk models.

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Financial responsibility makes a prospective spouse more attractive

Posted on Jun 20 2014 by

A recent Experian Consumer Services survey focusing on the most important attributes in a prospective spouse found that married adults value financial responsibility more than physical attractiveness.

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Average debt amounts increase while average credit scores hold steady

Posted on May 27 2014 by

Experian’s most recent Credit Trends study analyzing current debt levels and credit scores in the top 20 major U.S. metropolitan areas found that Detroit, Michigan, residents have the lowest average debt ($23,604) and Dallas, Texas, residents have the highest average debt ($28,240).1

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Study explores how frequently lenders validate credit scores

Posted on May 09 2014 by

As part of its guidance, the Office of the Comptroller of the Currency recommends that lenders perform regular validations of their credit score models in order to assess model performance.

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Lender survey shows concern over consumer understanding of credit scores and reason codes

Posted on Apr 11 2014 by

In an effort to understand consumer needs better and help lenders educate their customers, VantageScore® Solutions surveyed more than 200 lenders nationwide on the topic of score reason codes.

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