About VantageScore
Our Mission
Who We Are
VantageScore is the leading credit score modeling and analytics company for innovation and financial inclusion. By scoring more consumers and helping them understand and access credit, VantageScore is driving positive outcome for consumer credit industry stakeholders across the spectrum, and particularly for consumers that have traditionally been underserved.
By developing models that enable lenders to understand consumers’ credit worthiness more accurately than other scoring models currently available in the marketplace while expanding the universe of eligible borrowers – we represent the proverbial win-win for lenders and consumers alike.
Launched in 2006, VantageScore is an independently managed joint venture of the nation’s three Nationwide Consumer Reporting Agencies (NCRAs) – Equifax, Experian and TransUnion.
Our Principles
VantageScore develops consumer credit scoring models that combine the need for both dependable predictiveness across all scoring ranges and to expand access to credit equitably.
The company’s most recent model scores approximately 94 percent of all adults 18 and older – including 33 million more people than conventional models – without sacrificing safety and soundness. As a result, lenders using VantageScore can extend credit to those who have been historically marginalized, including minority and lower-to-middle income Americans.
VantageScore credit scores are used by thousands of lenders, landlords, utility companies, telecom companies, including nine of the top ten largest banks and many others to determine creditworthiness. More than 3,000 lenders and other industry participants used more than 19 billion VantageScore credit scores in 2022, a 30% increase from the prior year.
Tens of millions of consumers rely on free access to their VantageScore credit scores to monitor their own creditworthiness.
because everyone deserves fair and equitable access to credit.
more financially inclusive.
(D)iverse. (E)quitable & (I)nclusive. We embody these traits wholeheartedly and believe every human deserves equal access to opportunity and to be seen and heard.
Predictive Models & Attributes
In keeping with the company's mission to promote transparency and aid in model governance, VantageScore publishes the results of its model assessments annually so that lenders and policy makers have confidence that the credit scores used to make loan decisions are predictive, consistent, and fair.
VantageScore 4.0 Outperforms
VantageScore 4.0 outperforms prior versions of VantageScore models as well as other benchmark credit reporting company (CRC) scoring models within Originations and Account Management.
- Trended Data Drives Performance
VantageScore 4.0's use of trended attributes has brought significant predictive performance improvements within both the lower and higher scoring credit origination segments.
- Score Consistency Retained
Aided by the proprietary VantageScore attribute leveling process, a high level of score consistency across the CRC's is maintained. VantageScore’s proprietary attribute leveling process allows for a high level of score consistency across the CRCs.
- Unbiased Results
VantageScore 4.0 continues to provide unbiased, consistent results across ethnic groups and across the credit spectrum.
Innovation Timeline
- Over 27 billion VantageScore credit scores used.
- 42% increase from prior year.
- Over 3,400 banks, fin-techs and other companies use VantageScore credit scores.
VantageScore recognized by the White House as an industry leader in innovation.
- Over 19 billion VantageScore credit scores used.
- +30% increase from prior year.
- Over 3,000 banks, fin-techs and other companies use VantageScore credit scores.
$5.6 Billion of Asset-Backed Securities (ABS) issuances using VantageScore May YTD, with more planned.
New Leadership
VantageScore Appoints Silvio Tavares as President and CEO.
VantageScore 4.0 Arrives
Scores approximately 33 million more consumers, and is the FIRST and ONLY to incorporate trended credit data, the FIRST to include NCAP changes and the FIRST to leverage machine learning.
VantageScore 3.0 Released
Scores approximately 30 million more consumers, is 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.
VantageScore 2.0
Optimized for post-recession performance, blends data from two time frames and developed on 45 million credit files (about double the previous model) for greater predictiveness.
VantageScore 1.0 continues to rank order and performs well through Great Recession.
The FIRST tri-bureau model developed jointly by the three Nationwide Credit Reporting Agencies (NCRAs): Equifax, Experian and TransUnion.
Scores approximately 15 million more consumers and is the FIRST to incorporate rent, telco and utility data.