Market participants including Nationally Recognized Statistical Ratings Organizations (NRSROs, or rating agencies), investors and broker dealers are familiar with VantageScore and capital markets’ transactions have been successfully issued.

Our capital markets team is dedicated to supporting market participants in navigating the VantageScore implementation process. Please contact Anthony Hutchinson, Executive Vice President and Head of Public Affairs (tony@vantagescore.com) for more information.

No. The same standard of care is used across the credit spectrum. VantageScore promotes and embraces transparency around consumer credit scoring, and is forthcoming with all of the drivers and mechanics of the model. For a description of the methodology behind VantageScore models, visit VantageScore 4.0

Scores assigned to previously unscorable consumers are accurate and reliable, as confirmed by our annually published model performance assessments. The meaning of the score, in terms of level of risk it implies, is consistent regardless of which group a consumer belongs to.

As a joint venture by Equifax, Experian and TransUnion, VantageScore analyzes data supplied by these three national credit-reporting companies. Our scientists incorporate groundbreaking modeling techniques, data and strategies that benefit consumers, lenders and capital markets.

The VantageScore model allows lenders to accurately assess approximately 33 million more consumers than other commercially available credit-scoring models. The main point: Our approach to scoring creates opportunities for lenders and credit-worthy borrowers alike.

VantageScore is committed to transparency, and openly discloses factors considered in its models.

For a comprehensive overview of how VantageScore 4.0 works, visit VantageScore 4.0

Access to credit is fundamental to financial inclusion of historically underserved consumers. VantageScore’s mission of creating more equitable access to credit has been a guiding principle since its inception in 2006.

Due to our ability to assign scores to 33 million individuals deemed unscorable by conventional methods (5.5 and 5.2 million of which are from Black and Latino communities, respectively – with 3 million in total scoring 620 or higher), VantageScore empowers these consumers to access credit that helps them live better financial lives. In addition, lenders are empowered with the ability to extend credit to more potential borrowers.

Securitized loan pools scored with VantageScore have the potential of including more consumers previously denied credit while preserving the integrity of the related credit quality distribution. Investors are also empowered to consider consumer asset-backed transactions that finance consumer-related loans with social impact.

See our latest thought-leadership research on credit scoring and financial inclusion:

Credit Scoring and Financial Inclusion

Credit Invisible No Longer: Examining the relationship between socioeconomic disparities and scoreability

VantageScore is committed to transparency, and openly discloses factors used in the models. We recognize the requirements of lenders/issuers, investors, rating agencies, as well as other market participants and constituents, to thoroughly understand how scores are calculated. As an organization, we strongly believe transparency breeds efficiency, effectiveness, and execution optimization.

Please visit the respective model page for more information.

VantageScore assigns scores to consumers ranging between 300 to 850. The credit tiering of the scores are as follows:

* Based on VantageScore 4.0

For more detailed information on credit score ranges please refer to The Complete Guide to Your Vantage Score.

Maintaining credit quality versus lending to traditionally unscorable individuals and/or undeserved communities are not mutually exclusive. Credit profiles of those in this segment span the credit spectrum. VantageScore enables lenders to underwrite borrowers and extend credit. VantageScore scores consumers across the credit continuum and employs a consistent standard of care when deriving all scores. We don’t compromise the safety and soundness of our methodology – regardless of credit characteristics.

Securitization disclosure documents typically include the credit-score distribution of the related portfolio, by both number and size of accounts. Further transparency is typically provided by the disclosure of historical performance metrics of an issuer’s underwritten book.

VantageScore publishes a VantageScore Model Performance Assessment, which compares credit-score models used by each of the national consumer reporting associations (NCRAs) – Equifax, Experian and TransUnion – to render VantageScore credit scores. Publishing the assessment is consistent with VantageScore’s mission of championing transparency, and supports model governance. Along with the Model Performance Assessment, VantageScore publishes updated odds/performance charts. The data shows all VantageScore models are empirically derived as well statistically sound, using proven testing methods central to our own analytical approach.

Read and download the VantageScore Model Performance Assessment.