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Rethinking the credit score

A recent survey commissioned by VantageScore Solutions, LLC found that among consumers who are unable to obtain credit, 27% attribute the situation to lack of a credit score.

  • Most consumers support newer methods of calculating credit scores
  • 49% feel that consistent rental, utility and telecommunications payments should count in determining credit scores
  • 50% agree that competition in the credit scoring marketplace is beneficial

Lenders can help solve the credit gap by using advanced risk models that can accurately score more consumers. The result is a win-win: More consumers get access to mainstream credit, and lenders gain more customers.

>> Infographic: America’s Giant Credit Gap

VantageScore® is a registered trademark of VantageScore Solutions, LLC.