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Consumer Display
A growing number of innovative websites have adopted the VantageScore credit model and allow consumers to obtain complimentary access to their VantageScore credit scores, as part of the no-cost basic subscriptions to their services. These tools carry what are known as consumer display credit scores.
Consumer display credit scores play an important role in informing prospective borrowers as to their current credit tier and also help consumers to identify any changes to their credit scores as they plan for large purchases. For lenders, consumer display helps engage and retain consumers by keeping them informed of any significant changes to their credit scores.
Consumer education is an integral part of VantageScore’s mission. In 2006, VantageScore introduced the marketplace’s first free tri-bureau credit score developed jointly by the three Nationwide Credit Reporting Agencies (NCRAs). At its inception, VantageScore scored approximately 15 million more consumers than its competitor and was the first credit score to incorporate rent, telecommunications, and utility data. Today, subsequent VantageScore models have further expanded the pool of creditworthy, scoreable consumers in the United States to now include 33 million more consumers than conventional credit scoring models.
VantageScore has provided tens of millions of consumers free access to their VantageScore credit scores to monitor their own creditworthiness.
2024
Market Adoption - Record Growth (Jan 2023-Dec 2023)
- Over 27 billion VantageScore credit scores used.
- 42% increase from prior year.
- Over 3,400 banks, fintechs and other companies use VantageScore credit scores.
Introduced VantageScore 4plus™ leveraging consumer-permissioned open banking data to boost predictive power for lenders.VantageScore 4.0 Model Attributes introduced the power of custom models and scoring solutions, enabling more effective credit decisions.VantageScore Continued Growth in Capital Markets
$13.4 Billion of Asset-Backed Securities (ABS) issuances utilizing VantageScore.2023
MarketGain™ launched to help lenders identify potential addressable markets by converting to VantageScore 4.0VantageScore removed all medical collections (paid and unpaid) from VantageScore 3.0 and 4.0 models.VantageScore in the News
VantageScore recognized by the White House as an industry leader in innovation.Market Adoption Surged (Jan 2022-Dec 2022)
- Over 19 billion VantageScore credit scores used.
- +30% increase from prior year.
- Over 3,000 banks, fintechs and other companies utilized VantageScore credit scores.
VantageScore Built Strong Momentum in Capital Markets
$11.5 Billion of Asset-Backed Securities (ABS) issuances using VantageScore.2022
Leading in Transparency: Launch of VantageScore Digital Tools
New Era for the Mortgage Industry
FHFA announced a mandate that all GSE-funded mortgage loans must use VantageScore 4.0 credit scores.Breaking Through
$10.3 Billion of Asset Backed Securities issuances utilized VantageScore.2017
Arrival of VantageScore 4.0
Revolutionary model scores approximately 33 million more people than conventional competitors and was the first credit score to incorporate trended credit data, the first to include NCAP changes, and the first to leverage machine learning.2013
VantageScore 3.0 Released
Scoring approximately 30 million more consumers than competitors, was the first to eliminate paid collections and reduce the impact of unpaid medical collections, and the first to introduce consumer-friendly interpretations of reason codes.2012
VantageScore 2.0
Optimized for post-recession performance, utilized input from 45 million credit files (double the previous model), and blended data from two time frames to improve predictiveness.2009
Pressure Tested
VantageScore 1.0 performed well through Great Recession.2006
Development and implementation of VantageScore 1.0
The only tri-bureau model developed jointly by the three Nationwide Credit Reporting Agencies (NCRAs): Equifax, Experian and TransUnion.VantageScore 1.0
Scores approximately 15 million more consumers and was the first to incorporate rent, telco and utility data.
