Market Adoption

Who Uses VantageScore

Lenders are using VantageScore more and more every year as industries adopt to the new credit scoring system. From July 1, 2018 to June 30, 2019, there was a 19% increase in the number of scores since the previous year (according to the 2019 VantageScore Market Adoption Study).

While financial institutions in the top lending categories (credit card issuers, auto lenders, mortgage lenders, credit unions, and banks) represent the largest amount of VantageScore users, VantageScore is also widely used by non-financial institutions such as tenant screenings, consumer websites, and government entities.

Adoption from the Big Three Credit Ranking Agencies

Fitch Ratings accepts loans based on VantageScore’s accurate credit scores, and has incorporated the VantageScore credit scoring model into ResiLogic 2.1, Fitch’s model for credit risk analysis and residential mortgage loans.

Standard & Poor’s, another of the Big Three Credit Ranking Agencies, includes the VantageScore model when submitting portfolios of residential mortgage loans for rating purposes.

Industry Platforms and Regulators That Use VantageScore

Many major industry-platform standards have the VantageScore model embedded, including:

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