Let us know who you are
The Credit Card Industry & VantageScore
Uncover More Creditworthy Borrowers
Credit card issuers used 10.1 billion VantageScore credit scores between January to December 2023.
VantageScore 4.0 is a major strategic asset for credit card issuers, making use of credit scoring models throughout the entire customer life cycle – from prospecting to origination, account management, and loss prevention and recovery.
The VantageScore Value
The mathematical underpinnings of the VantageScore platform allow credit card issuers to manage and assess their portfolios and to assess credit card holders’ creditworthiness with more confidence because VantageScore 4.0 can:
More Predictive
The VantageScore model delivers superior predictive accuracy among Prime and Nearprime consumers, typically the most desirable segment for any lender. That superior performance boosts lenders' ability to assess potential portfolio risks.
More Consistent
The first true tri-bureau model produces closely aligned risk assessments when pulling scores from multiple NCRAs. This assures lenders get a more consistent picture of a consumer's credit payment behavior, regardless of which NCRA provides the score.
More Versatile
Each scorecard is optimized to provide maximum performance for origination and account management requirements.
More Consumer Friendly
The number of reason codes associated with the VantageScore model has been cut by nearly half, with each one re-written in clear, easy-to-understand language. Consumers have received billions of VantageScores for free via credit monitoring websites and applications.
More Inclusive
The VantageScore 4.0 model can score approximately 33 million more people than other commercially available models because it can analyze consumers with no credit activity within the past six months without sacrificing predictiveness. This includes millions of creditworthy people who previously have been unable to get a score and have therefore faced challenges when seeking credit.
To get started, contact your NCRA representative and start using VantageScore 4.0 today.
