The only model to be developed jointly by all three national Credit Reporting Companies (CRCs), VantageScore® provides results directly from these critical sources. When combined with TransUnion’s insight and support, you get a solution that’s intuitive, flexible, and tailored for your business needs.
VantageScore 3.0 is here
Better predictability within sought-after borrowers
The latest model pairs industry-leading analytics with more granular data from consumers’ credit histories. These combine to create the most predictive and consistent VantageScore to date.
Up to a 25% predictive lift over earlier models
VantageScore 3.0 delivers an unparalleled ability to predict among prime and near-prime consumers. This performance boost gives lenders a much-improved ability to assess the potential risks to their own portfolios.
A whole new universe of potential customers
Because VantageScore 3.0 considers at least 24 months of credit history (including utilities, rent, and telco) rather than the traditional six months, the model can generate scores for 27 – 30 million previously “unscoreable” consumers.
Easier to implement
VantageScore 3.0 adds some key new features:
Many major lenders use the VantageScore model
Blended timeframes for a more stable model
VantageScore 3.0 uses data blended from both 2009-2011 and from 2010-2012, to capture a broad development sample of recent customer behaviors. Crucially, this includes activity at the height of, and immediately following, the economic crisis. The result? A reduction in sensitivity to highly volatile behavior within a single timeframe–extending performance stability.
More consistent scores
VantageScore 3.0 provides lenders with close-to-identical risk assessments across all three CRCs. How? Because each deploys the same model. This patented one-model approach is achieved through a process called “characteristic leveling”. Consistent and equitable definitions for consumers’ payment and credit behavioral data is established across all three CRCs, so it’s interpreted the same way at multiple sources.
Delivered however you need it
Online: TransUnion Credit Report, Model report, ID Report with Score, Instant Prescreen
Batch: In conjunction with Custom Prescreen and Monthly/Quarterly Portfolio Reviews
Integrated: With Retrospective Analysis, Account Acquisition and Account Management Triggers
Obtain greater stability and predictive performance from VantageScore.