About VantageScore

VantageScore was founded in 2006 by the three national credit reporting companies (Equifax, Experian and TransUnion) to provide competition in the market, to develop highly accurate credit scoring models, and to reliably score more consumers so that they can gain access to mainstream credit.

Since then, we’ve launched 4 models. Thousands of lenders use billions of VantageScore credit scores annually to make lending decisions. Tens of millions of consumers use our scores to understand their own credit worthiness and to monitor their credit health.

VantageScore Solutions is an independently managed company that holds the intellectual property rights to the VantageScore credit scoring model. We do not market the VantageScore model, sell credit scores or manage credit report data. Independent licensing agreements managed through VantageScore Solutions, allow Equifax, Experian and TransUnion to market the model and sell VantageScore credit scores.

Our Mission

VantageScore Solutions is committed to:

  • Ensure the VantageScore model’s consistency and performance over time through frequent revalidation
  • Enhance the VantageScore model as needed to reflect changing economic conditions and consumer behaviors
  • Provide educational material and analyses
  • Educate regulators and rating agencies
  • Monitor how credit reporting changes and practices impact the VantageScore model

The VantageScore Story

Can 20th-century credit scoring models really address the economic realities of the 21st century? By the early 2000s, many lenders had begun to worry that the old ways of scoring customers really were getting, well, old.

In response, the three national credit reporting companies (CRCs), Equifax, Experian, and TransUnion, joined forces to create a more advanced credit scoring solution.

The result: the first VantageScore credit scoring model.

A brief overview is below; for more details, read our "VantageScore Innovations Timeline and First-to-Market List".

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1987 – 2005

The first generic credit scoring models are introduced. The credit scoring industry is dominated by a single company with little incentive to innovate. The arrival of VantageScore Solutions in 2006 brings competition between developers that has fueled innovation and benefitted both lenders and consumers.


VantageScore 1.0 was created after an experienced team of industry-leading data, risk modeling, and analytics experts are brought together by the three CRCs to develop a more predictive and more consistent credit scoring model.

VantageScore Solutions, LLC is founded as an independently managed company that owns the intellectual property rights to the VantageScore models.


VantageScore 2.0 released. The first update to the original model is developed with a performance sample of 45 million anonymized consumer credit files over multiple time frames, taking into account data gleaned during the mortgage meltdown and the great recession. The model more accurately predicts the risk of default taking into account these events.


VantageScore 3.0 is released. This model adds the ability to score an unprecedented 30 million more consumers who would otherwise go unscored by legacy credit scoring models. It ignores paid medical collections and adopts the 300-850 score range.

Introduction of ReasonCode.org to simplify reason code language and aid consumer understanding of credit scores.


VantageScore 4.0, VantageScore’s fourth-generation model, sets another new standard for predictive performance and modeling innovation to benefit lenders and consumers alike. It is built in anticipation of NCAP changes and becomes the first and only tri-bureau model that incorporates trended credit data and machine learning.


Study conducted by global management consulting and research firm Oliver Wyman reports that usage of VantageScore credit scores is deep and mainstream, occurring in all credit categories except the mortgage market.


According to an independent study, approximately 12.3 billion VantageScore credit scores were used by more than 2,500 users from July 2018 through June 2019 – about a 19% increase in the number of scores since the previous year. Over the past four years, VantageScore usage has grown ~20% per year.


VantageScore partnered with HomeFree-USA, the largest black-owned housing counseling organization in America, to support the organization’s Center for Financial Advancement as well as develop a scholarship and internship program for students from Historical Black Colleges and Universities (HBCUs).

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Get In Touch With Us

VantageScore.com is loaded with educational credit material and information on our models and how to use them. However, if you need additional help, or if you’re a lender looking to speak with someone directly, please get in touch with us here