With fears of a Recession looming and CreditGauge Powered by VantageScore™ data showing some consumers are demonstrating riskier credit behaviors, lenders are sharpening their pencils when it comes to managing credit risk.

As the same, there are tens of millions of consumers including those with relatively low levels of credit risk who are not scoreable with conventional models but are scoreable with VantageScore 4.0. So naturally, lenders want to grow their loan portfolios but do so in a safe, empirically-driven way.

So, how do these newly scoreable consumers perform?

SIMILAR DEFAULT OUTCOMES: Given the same credit score, there is no statistically significant difference in default outcomes between conventionally scored consumers and newly scoreable consumers.

ACROSS PRODUCTS: Further, across all product categories, how quickly a consumer defaults on a new loan is comparable between newly scoreable consumers and conventionally scored consumers with similar scores.

CONTINUOUSLY TESTED: Rigorous testing performed during model development and on an ongoing basis show that the scores provided for these newly scoreable consumers provide an accurate estimate of their likelihood of defaulting on a debt obligation.