VantageScore Solutions has reconstructed its credit scoring model both to aid lender implementation and consumer understanding.Its VantageScore 3.0 model uses a 300 to 850 valuation scale and higher predictive accuracy. The new and expanded scoring scale enables lender and servicer users to formulate a score for 27 million to 30 million previously unscoreable consumers.
VantageScore Solutions has reconstructed its credit scoring model both to aid lender implementation and consumer understanding.
Its VantageScore 3.0 model uses a 300 to 850 valuation scale and higher predictive accuracy. The new and expanded scoring scale enables lender and servicer users to formulate a score for 27 million to 30 million previously unscoreable consumers…