Evaluating credit risk and identifying creditworthy borrowers is a constant challenge: Changing economic conditions drive shifts in consumer credit behavior, and lender business strategies must adapt accordingly.
Upgrading to a modern credit scoring model can help ensure success, and no model is more accurate or scores more people than VantageScore 4.0. Validate VantageScore—and see how we compare with your old model!
Contact your CRC representative to start testing us today.
Don’t be surprised if VantageScore enhances your business strategy, as it has for thousands of other companies.
More than eight billion VantageScore credit scores were used in 12 months, by over 2,400 lenders and other industry participants—including 20 of the top 25 financial institutions.
Usage figures are compiled annually via an outside study of the three national credit reporting companies. Data reflects usage from July 1 through June 30 for each 12-month period.
The ultimate indicator of thorough regulatory recognition is the thousands of lenders, including seven of the top 10 banks, that have successfully implemented the VantageScore model and are using it today in their businesses. The model has been implemented under the watchful eyes of regulators across all major consumer credit asset categories.
Since the launch of the VantageScore model in 2006, regulators have regularly proclaimed the importance of protecting choice in the credit score marketplace. Regulators that have recognized the VantageScore model include:
| || |
Click here for more details on regulatory recognition.
Consult these resources for help validating and implementing a new credit scoring model:
If you have questions about credit score model conversion or implementation, please submit them here. We’ll respond directly.
Watch a series of webinars that details how to convert and implement a credit-scoring model.
Read a white paper on the more predictive ability of VantageScore.