Our Models

What’s different about VantageScore?

Consistency, Accuracy, Inclusivity

VantageScore credit scoring models provide lenders and consumers with highly predictive credit scores that are easier to understand and score more people.

VantageScore 4.0

Features And Benefits

VantageScore 4.0 is the fourth-generation tri-bureau credit scoring model from VantageScore Solutions. It scores some 40 million more consumers than other commercially available models and helps consumers get better access to credit. The model may be used across different credit products like credit cards, auto loans and student loans.

VantageScore 4.0 takes all the best aspects of our earlier models, such as credit score consistency, incorporates rent, telecom and utility payments (if that information resides in a consumer’s credit files), and introduces a number of new innovations.

+ 40 Million More Consumers Scored – Including those who cannot obtain credit scores when other scoring models are used. More consumers get accurate scores and access to mainstream credit.

+ First and Only Tri-Bureau Scoring Model to Incorporate Trended Credit Data – Is it fair to only look at the past month when making a credit assessment? VantageScore 4.0 uses “trended credit data” which examines consumer credit behavior over a period of time instead of a simple snapshot.

+ Powered by Machine Learning Technology – For consumers with limited credit histories (i.e., those with no update to their credit file in the last six months), VantageScore used machine learning to enable its model to score these consumers. This technique also strengthens the model’s ability to accurately score these consumers, who are unable to obtain scores from other commercially available scoring models.

+ Takes into Account Negative Data Suppression – Another industry first, VantageScore 4.0 was built with the CRCs’ National Consumer Assistance Plan (NCAP) in mind. The NCAP provides for the removal from consumer credit files several types of information that may negatively impact a consumer’s credit score (e.g., tax liens, civil judgments, and certain medical collections information).

Who Uses This Model?

Lenders of all shapes and sizes use VantageScore 4.0. The model offers lenders predictive performance lift across all credit industries, including auto, banking, credit card and mortgage; outperforming VantageScore 3.0 in all major credit categories (e.g., auto, mortgage, credit card and installment lending categories), with significant predictive lift overall. That said, it’s important to understand that lenders often use many different models in their businesses. While one lender might use VantageScore 4.0, it may also use other models as well.

VantageScore 3.0

Features And Benefits

Introduced in 2013, the VantageScore 3.0 model paired our industry-leading analytics with more granular data from consumers’ credit files. This is also the model that is most often used by lenders and websites that give their users and customers free access to their credit scores.

+ Generates Scores for 40 Million Previously “Unscoreable” Consumers

VantageScore 3.0 scores 40 million more consumers than other models. It also uses any alternative data included in the credit file (e.g., rent and telecom payments); ultimately, expanding a whole new universe of potential customers for lenders.

+ Score Consistency Across All Three CRCs – The model levels the data that is derived from all three CRCs, so that data is interpreted in the same way by VantageScore 3.0. As a result, when consumers’ credit scores are pulled at the same time from all three CRCs, approximately 90 percent of those scores fall within a 40-point range. Because the same formula is used at all three CRCs, the differences in those scores is attributable to the variations in the contents of a consumer’s credit files.

Who Uses This Model?

VantageScore 3.0 is used across different types of loans and lenders. In addition, tens of millions of consumers use their VantageScore 3.0 to understand their own creditworthiness when they receive it for free.