free webinar explores new developments in credit scoring

Free webinar explores new developments in credit scoring

Date: July 01, 2020

VantageScore SVP Sarah Davies was recently invited by the Consumer Bankers Association (CBA) to deliver a webinar to its members, updating them on industry trends. The session, “Latest Developments in Credit Scoring,” is now available for on-demand viewing.

The webinar touched on:

  • The contrast in predictive power between scoring models that use traditional credit-file data and those based on “new data” such as social media behavior and preference data.

  • Various techniques used by the VantageScore 3.0 model to enable scoring of more than 30 million consumer who are not scoreable using traditional credit scoring models.

  • A comparison of loan-default behavior of the “newly scoreable” consumers identified using the VantageScore 3.0 model to that of the traditionally scoreable population. (Spoiler alert: There is virtually no difference.)

  • A demographic and behavioral profile of the newly scoreable population.

  • Highlights of VantageScore research into the credit-score impact (or lack thereof) of suppressing controversial credit-file data, such as sold-derogatory trades and collections related to medical debt.

Watch the webinar here (free registration required).