Can 20th-century credit scoring models really address the economic realities of the 21st century? By the early 2000s, many lenders began 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 — VantageScore Solutions.
In this episode, we have an intimate conversation with the President and CEO of VantageScore, Barrett Burns, who joined during its formation in 2006. He shares the story of his journey that led him to become a pioneer in the industry. Listen to this podcast, and understand the process, the importance, and the future of credit score model development.