Let us know who you are
Uncover More Creditworthy Borrowers
Credit card issuers used 24 billion VantageScore credit scores between January to December 2024.
VantageScore 5.0 is a major strategic asset for credit card issuers, making use of credit scoring models throughout the entire customer lifecycle - from prospecting to origination, account management, and loss prevention and recovery.
The VantageScore Value
The mathematical underpinnings of the VantageScore platform allow credit card issuers to manage and assess their portfolios and to assess credit card holders’ creditworthiness with more confidence because VantageScore 5.0 can:
Specific to bankcard performance, the VantageScore 5.0 model provides a 1.4% performance improvement in account management and 6.9% lift in originations over VantageScore 3.0, based on Gini values.
VantageScore 5.0 also captures 1.3% more incremental 90-days-past-due accounts in the bottom 20% of scores for bankcard account management and 4.4% more for bankcard originations compared with VantageScore 3.0.
More Predictive
The VantageScore model delivers superior predictive accuracy among Prime and Nearprime consumers, typically the most desirable segment for any lender. That superior performance boosts lenders' ability to assess potential portfolio risks.
More Consistent
The first true tri-bureau model produces closely aligned risk assessments when pulling scores from multiple NCRAs. This assures lenders get a more consistent picture of a consumer's credit payment behavior, regardless of which NCRA provides the score.
More Versatile
Each scorecard is optimized to provide maximum performance for origination and account management requirements.
More Consumer Friendly
The number of reason codes associated with the VantageScore model has been cut by nearly half, with each one re-written in clear, easy-to-understand language. Consumers have received billions of VantageScores for free via credit monitoring websites and applications.
More Inclusive
The VantageScore 5.0 model can score approximately 33 million more people than other commercially available models because it can analyze consumers with no credit activity within the past six months without sacrificing predictiveness. This includes millions of creditworthy people who previously have been unable to get a score and have therefore faced challenges when seeking credit.
VantageScore 5.0 helps credit card issuers navigate the ever-changing landscape of credit scoring by aligning with the top NCRAs and scoring more borrowers, more consistently.
Designed for originations and unsecured products, VantageScore 5.0 helps issuers identify more creditworthy borrowers, reduce default risk, and enhance portfolio performance.
To get started, contact your NCRA representative and start using VantageScore 5.0 today.
