Developed as a joint venture among the three major credit reporting companies (CRCs) Experian, Equifax and TransUnion, the VantageScore credit score combines cutting edge, patented and patent-pending analytic techniques to produce a model that offers more consistency across bureau platforms, along with the ability to score a broader population.
More Predictive. The use of more granular data delivers a more accurate score.
More Stable. The use of blended time frames represents current market conditions better.
More People Scored. A broader and deeper set of credit file data and unique segmentation of data scores ~40 million more consumers than other models.
Easier for Lenders to Use. Easier for Consumers to Understand.
• A familiar 300 to 850 point scale
• The use of a single model across all three CRCs decreases score variances
• Easy-to-understand reason codes are explained with approaches for resolution
• Model governance to ensure regulatory compliance
• Consumer education, transparency and inclusive lending practices
With the usage of VantageScore credit scores growing to 300 percent just in the last five years, find out how many credit scores were used in loan originations.
VantageScore Solutions annually validates VantageScore credit score models. This is the first validation study of VantageScore 4.0 since its launch.
Learn more on the process of implementing a new credit scoring model for your business.
VantageScore 4.0, the fourth-generation tri-bureau credit scoring model from VantageScore Solutions, sets a new standard for predictive performance and modeling innovation, pioneering several industry “firsts” that benefit lenders and consumers alike.
VantageScore scientists incorporated groundbreaking modeling techniques and strategies into the development of VantageScore 4.0:
VantageScore 4.0 is the first and only tri-bureau credit scoring model to incorporate trended credit data. Trended credit data reflects changes in credit behaviors over time, in contrast to the static, individual credit-history records that have long been available in consumer credit files. The VantageScore 4.0 model leverages trended credit data to gain deeper insight into borrowing and payment patterns, particularly among consumers in the Prime and Superprime credit-score bands. Discover more details about application of trended credit data in VantageScore 4.0
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This VantageScore study analyzes consumer credit score migration over time, and how lenders can take these migrations into consideration.