Charged-off debts to third parties – sold-derogatory loans in credit speak – leave a huge black mark on the credit histories of consumers. But should they? VantageScore looked at 4.3 million consumers and said not so much.
Credit model testing, and alternatives to traditional scoring models, can expand a lender’s universe significantly. Here’s how VantageScore says its latest model validation stacks up in tandem with the “Big Three” credit reporting agencies.
Not everyone in the credit scoring business worries about validating their model — but they ought to. Sarah Davies, SVP of Analytics, Product Management & Research at VantageScore Solutions, explains how running a check on their own methodology can open up lenders to a whole...
As a universe is wont to do, the credit eligible universe is expanding, with new models and information sources — and more of them than ever before. Sarah Davies, SVP of Analytics, Product Management & Research for VantageScore Solutions, shares advice on how lenders can...
Credit scores are a crucial piece of the lending pie. But scoring models that came of age in the 1980s and '90s don’t work with a 2015 post-recessionary consumer. Sarah Davies, VantageScore SVP sat down with MPD CEO Karen Webster to talk about what lenders...
Lenders must adopt new credit score models in order to reach the true credit eligible universe, says model developer VantageScore Solutions. One way for lenders to bring new data and scoring methods alongside their in-house models is to adopt a “Plug & Play” approach. But...
[vc_row full_width=”” parallax=”” parallax_image=””][vc_column width=”1/1″][vc_column_text css_animation=”]An important predictor that helps retailers project just how much consumers are willing to spend is tracking how confident they are in the state of the economy. Get the Full Story Complete the form to unlock this article and enjoy...
In the U.S., millions of people remain underserved and underrepresented by credit scoring models that are deemed reliable yet cloak a population that could be especially attractive to lenders – including significant numbers of minorities who are underserved. Get the Full Story Complete the form...
For 17 years, there was only one game in town when it came to credit scoring. Now that other models have entered the space, the market has expanded to present a wider range of options for both lenders and consumers – and with those options...
