Experian® Expertise for your business



VantageScore® — more choice, more consistency and more predictiveness, resulting in more scoreable consumers
While the economy is beginning to look up, lenders are understandably still cautious about extending credit to borrowers.

Experian® — along with the two other major credit reporting companies (CRCs), TransUnion and Equifax — developed VantageScore®, a credit risk score that uses a single model at each of the CRCs. By bringing VantageScore to market, you now have a choice when selecting a risk score to integrate into your decision-making process. In addition, the scores that are generated from the CRCs will be more aligned with one another, with the only difference coming from the data and not the algorithm itself.

As a result, VantageScore provides a more meaningful, predictive picture of a consumer’s financial behavior — allowing you to score and approve more people without increasing your risk.

Overall, VantageScore is a valuable tool for lenders wanting to expand their business to include the most creditworthy customers while maintaining risk. In fact, VantageScore is used by a wide range of the leading lenders, including:

  • Four of the top five and eight of the top 25 financial institutions
  • Eight of the top 10 credit card issuers
  • Three of the top 10 mortgage originators
  • Seven of the top 50 auto financers

To find out how to integrate VantageScore into your processes, contact your Experian account executive or visit Experian's VantageScore lender Website. You can also learn more by viewing our special November 2009 and June 2010 Webinars at www.vantagescore.com.

 

VantageScore® is owned by VantageScore Solutions, LLC.



 

  • © Experian 2010. All rights reserved.