Six billion and counting. According to VantageScore, that’s how many credit scores generated by its model have been used by card issuers and other industry participants. Yet, VantageScore tells PYMNTS, there remains one category in which the use of alternative scores has yet to take...
A new survey says that U.S. consumers are tired of seeing their creditworthiness, or lack thereof, determined by outdated methods. Is the industry prepared to respond?
Think removing a sold-derogatory trade from a consumer’s credit file vastly improves their overall score? A new report from VantageScore suggests probably not. Sarah Davies, SVP of Product Management & Analytics at VantageScore Solutions, tells MPD CEO Karen Webster why removing a bad debt from...
Charged-off debts to third parties – sold-derogatory loans in credit speak – leave a huge black mark on the credit histories of consumers. But should they? VantageScore looked at 4.3 million consumers and said not so much.
Credit model testing, and alternatives to traditional scoring models, can expand a lender’s universe significantly. Here’s how VantageScore says its latest model validation stacks up in tandem with the “Big Three” credit reporting agencies.
Not everyone in the credit scoring business worries about validating their model — but they ought to. Sarah Davies, SVP of Analytics, Product Management & Research at VantageScore Solutions, explains how running a check on their own methodology can open up lenders to a whole...
As a universe is wont to do, the credit eligible universe is expanding, with new models and information sources — and more of them than ever before. Sarah Davies, SVP of Analytics, Product Management & Research for VantageScore Solutions, shares advice on how lenders can...
Credit scores are a crucial piece of the lending pie. But scoring models that came of age in the 1980s and '90s don’t work with a 2015 post-recessionary consumer. Sarah Davies, VantageScore SVP sat down with MPD CEO Karen Webster to talk about what lenders...
Lenders must adopt new credit score models in order to reach the true credit eligible universe, says model developer VantageScore Solutions. One way for lenders to bring new data and scoring methods alongside their in-house models is to adopt a “Plug & Play” approach. But...
