Changes Made in VantageScore Credit Scoring Model

March 11, 2013, Written By Bill Hardekopf

The VantageScore credit scoring model has undergone some improvements, giving lenders a reported 25 percent improvement on the ability to make predictions on consumers.

The new VantageScore 3.0 model also has the ability to formulate a score for the estimated 27 million consumers who have very little credit information. VantageScore will now use any available cell phone, rent and utility payment records found in the consumer’s credit file to develop a score.

With this new model, the company changed its scoring scale to 300 to 850, so it now corresponds with the scale used by FICO, the leader in the industry.

VantageScore was created by the three major credit reporting companies–Experian, TransUnion and Equifax.


This entry was posted in Credit Card News and tagged TransUnion , Equifax , Experian , credit scores , FICO , VantageScore , credit scoring


The information contained within this article was accurate as of March 11, 2013. For up-to-date
information on any of the terms, cards or offers mentioned above, visit the issuer's website.


About Bill Hardekopf

Bill Hardekopf is the CEO of LowCards.com and covers the credit card industry from all perspectives. Bill has been involved with personal finance for over 15 years. He is a frequent contributor to Forbes, The Street and The Christian Science Monitor.
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