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Benefits
VantageScore data design
VantageScore is the first—and only—industry model to be jointly developed by all three national credit reporting companies (CRCs). It combines innovative data design with revolutionary, patent-pending characteristic leveling methods and segmentation techniques to produce a unique, highly predictive credit risk score.
Easy-to-understand scoring
The score is unprecedented in that it looks at and analyzes data at the same point in time on the same consumer records from all three national credit reporting companies. VantageScore was developed using a national sample of anonymous credit information of approximately 15 million consumers and uses a score range of 990-501 and score groupings that approximate the familiar academic scale:
- A: 901-990
- B: 801-900
- C: 701-800
- D: 601-700
- F: 501-600
Take advantage of uniformity
VantageScore is the only commercially available credit risk model built using a synchronized development data sample provided by all three credit reporting companies. Plus, all three credit reporting companies deliver the same algorithm through existing channels. As a result, you can simplify the maintenance and management of single and multiple tier score cut-off strategies.
Limit score variations to increase consistency
Make fairer decisions based on more stable scores across each credit reporting company. VantageScore uses leveled credit characteristics across all three national credit reporting companies to limit score variability significantly. This means any score variations are limited to differences in the data maintained by the three companies. In addition, VantageScore applies the same standard method for scoring multiple inquiries to avoid unnecessary impacts to a customer’s score.
Generate better results with advanced segmentation capabilities
Who better to help you leverage VantageScore than the companies entrusted with maintaining our national credit data repositories? VantageScore combines this collective experience with patent-pending segmentation techniques to create a highly predictive model that helps you generate better results from automated processes. Plus, VantageScore delivers a greater level of detail than any other commercially available multi-bureau model, including the specific identifier for the scorecard that was used and a brief profile description of the consumer.
Educational Materials
- Characteristic Leveling Process
- Segmentation for Credit-Based Delinquency Models
- Tri-Credit Reporting Company (CRC) Modeling Data Design
Features
- Automatic selection of most appropriate scorecard—from a total of 12— based on key elements in the credit file
- 24-month performance period
- Use FACT Act compliant Adverse Action logic to return up to four reason codes with each score except in the case of a maximum score
- Multiple inquiry de-duplication, including 14-day de-duping—all auto, mortgage and non-telco utility inquiries that occur in any 14-day period are treated as a single inquiry
- The same model across all three CRCs
- National validation summaries available upon request
- Monthly score distribution reports available upon request
Exclusion Criteria
Relaxed score exclusion criteria allows VantageScore to score more consumers
Delivery Options
Consumer availability will be later this year. Businesses can immediately access VantageScore using any of the following TransUnion delivery options:
Get more out of VantageScore with TransUnion
Using VantageScore can deliver substantial rewards by reducing losses and approving more applicants. And partnering with TransUnion can make those rewards even greater. We’ll work closely with you to understand the best application for VantageScore in your business environment. Then we combine our collective knowledge and experience to help ensure that your migration to VantageScore is seamless and your portfolio achieves your performance goals.
Enjoy streamlined support
When you use TransUnion data with VantageScore, you get a single point of contact for customer support. It’s easy to implement and can be delivered through existing TransUnion online and batch delivery methods. Development is synchronized across all three credit reporting companies, so you’ll enjoy coordinated model revalidations and release schedules.
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