Better predictive ability among sought-after borrowers
VantageScore 3.0 is our game-changing model that offered unparalleled predictive ability in evaluating a borrower's creditworthiness, providing a 25% predictive lift over earlier models among prime and near-prime consumers, and generating scores for 30-35 million previously "unscorable" consumers.
Since VantageScore 3.0's release, we have been busy refining and making our credit-scoring model even better with VantageScore 4.0 and VantageScore 4plus™.
The VantageScore 3.0 model uses advanced analytics and more granular credit data for the most predictive and consistent credit scores.
By leveraging data from the three national Credit Reporting Companies, VantageScore 3.0 offers superior accuracy in assessing creditworthiness.
VantageScore 3.0 provides a 25% predictive lift among prime and near-prime consumers, improving risk assessment for lenders.
The model scores 30-35 million previously 'unscorable' consumers by considering their entire credit history, not just the most recent 24 months.
VantageScore 3.0 includes alternative data, expanding opportunities for lenders to reach new customers.
Changes in the model make it easier for lenders to implement, including a new score range (300-850) and simplified reason codes.