VantageScore – 2018 Innovation Timeline and ‘”First to Market’ list

Date: October 18, 2018
Filed Under:
Use of Credit Scores


From 1987, when the first generic credit scoring models were introduced, through 2005, the credit scoring industry was dominated by a single company with little incentive to innovate. The arrival of VantageScore Solutions in 2006 brought competition between developers that has fueled innovation and benefitted both lenders and consumers. See the timeline of how VantageScore has grown and was “first to market” with many features.


Oliver Wyman studied usage of VantageScore credit scores in the 12-month period between July 1, 2017 and June 30, 2018 (consistent with its similar study one year ago) and found that nearly 10.5 billion credit scores were used by over 2,800 unique users. This represents a 20 percent increase in the number of scores used versus last year’s study.

Additional findings from the study include:

  • Among the total number of users, the number of financial institutions that used VantageScore rose eight percent to nearly 2,500, representing usage of approximately 6.4 billion credit scores.
  • Among financial institutions, credit card issuers were the largest users of VantageScore credit scores and they accounted for approximately 4.4 billion scores used overall; of which, at least 68 million VantageScore credit scores were used for new card originations. Overall, according to an Experian-Oliver Wyman Market Intelligence Report, the credit card industry issued approximately 117 million new credit card accounts during the study’s timeframe.*
  • Companies that provide consumers with access to VantageScore credit scores accounted for approximately 2.3 billion scores used, nearly double the amount used in the same period last year.

Recent growth in the use of VantageScore credit scores continues a trend that extends back at least five years. Both the number of users and the volume of scores used has increased by 300 percent.

More Insights & Resources

See all the performance data and insights on VantageScore’s advantage in the credit card industry.

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