VantageScore?

Connecticut Lenders: Expand Your Footprint with MarketGain Powered by VantageScore? Using Connecticut as a case study, VantageScore has identified over 212,000 unaddressed consumers with 600-700 scores that VantageScore? 4.0 can score compared to conventional models, representing a potential aggregated loan dollar amount of $7.4B. MarketGain Powered by VantageScore? is a customized leading-edge analysis that helps financial institutions identify newly lendable consumers within their footprint and strategy, potentially opening up greater opportunities to grow portfolios. Explore MarketGain and uncover newly lendable consumers in your state with VantageScore 4.0 today: https://lnkd.in/e4VpYMH3 #VantageScore #financialinclusion #creditscore #borrowers #lenders #consumers #finance #Connecticut #CT

The Gen Z Consumer, BNPL, and an Outlook for 2025 “Americans continue to have good overall credit health, but we are seeing areas of concern, especially in the VantageScore Prime credit tier, with delinquencies among this group outpacing all other credit tiers.”? Atif Mirza, VP of Digital at VantageScore?, spoke with Dan Currell for the DCA-CardLinx Commerce Code Podcast. Along with Paul Siegfried, SVP, TransUnion, they discussed the latest trends in consumer credit overall and by generation. The group also discussed the most recent trend of higher earners feeling more pressure and what this means for the rest of 2024 and 2025.? Listen to the podcast here: https://lnkd.in/eUz65RU ?? ?

Auto Lenders Drive VantageScore? Credit Score Usage to Record Heights in 2023! Use of VantageScore? credit scores by auto lenders increased by 34.3% year-over-year, from 220 million in 2022 to 296 million in 2023. Among the top 100 auto lender users in 2023, banks and credit unions constituted 49.6% of usage. Download the full 2023 Market Study Report: https://lnkd.in/esXdNrbH #VantageScore #marketadoption #credit #creditscore #autoloan #autolenders #consumers #banks #carloan

Help Is Here for Mortgage Lenders: VantageScore Launches Mortgage Center VantageScore?, a leading national credit-scoring company, today launched a new Mortgage Resource Center to assist lenders with the transition to VantageScore 4.0 for mortgages. “Adopting VantageScore 4.0 now is straightforward for lenders, and we’re here to support them every step of the way with a comprehensive set of data tools and guidance,” said Anthony Hutchinson, SVP of Industry and Government Relations, VantageScore. “An immediate transition ensures lenders remain well-positioned to continue doing business with Fannie Mae and Freddie Mac, as well as the other principal GSEs that can accept VantageScore mortgages right now. If you are a lender, you need to be implementing VantageScore 4.0 now or risk losing access to key mortgage GSEs.” The Mortgage Resource Center underscores VantageScore’s commitment to supporting mortgage lenders in adopting this transformative model and expanding access to mortgage finance for every creditworthy borrower. Read the full announcement here: https://lnkd.in/eM5_BBsw

VantageScore? Credit Score Usage Soars Among Credit Card Issuers in 2023 VantageScore? credit score usage by credit card issuers increased by 172% year-over-year! In fact, the number of VantageScore? credit scores used jumped from 3.6 billion in 2022 to 10 billion in 2023. Download the full 2023 Market Study Report to learn more: https://lnkd.in/esXdNrbH #VantageScore #creditscore #financialinclusion #creditcard #lender #marketadoption #banks #fintechs #finance #alternativedata

VantageScore 4.0 Model Attributes Made Available for the First Time to Sophisticated Lenders Developing Custom Credit Scoring VantageScore? today announced it will make the VantageScore 4.0 credit score model attributes available to lenders beginning in early 2025. For the first time, lenders will be able to use the individual quantitative inputs of the industry’s leading credit score to power their in-house custom credit score models. Used over 27 billion times in 2023 by over 3,400 financial institutions, no other credit score model with the scale of VantageScore 4.0 makes their attributes transparent and available to lenders. Learn more: https://lnkd.in/eNkMSyaX

Lenders: Increase Your Addressable Market in Florida with MarketGain? An estimated 1.3 million lendable consumers with VantageScore credit scores between 600-700, and who are newly scoreable with VantageScore? 4.0, currently reside in Florida. For lenders, this represents a newly addressable market with a potential aggregated loan dollar amount of up to $45.9 billion. This snapshot into Florida’s lendable population is one of many actionable insights available through MarketGain Powered by VantageScore?, a customized leading-edge analysis that helps financial institutions identify newly lendable consumers within their footprint and strategy. Read through VantageScore’s analysis of newly lendable consumers in Florida, and learn more about MarketGain here: https://lnkd.in/e4VpYMH3 #VantageScore #MarketGain #Florida #consumer #credit #financialinclusion

Lenders: Increase Your Addressable Market in Florida with MarketGain? An estimated 1.3 million lendable consumers with VantageScore credit scores between 600-700, and who are newly scoreable with VantageScore? 4.0, currently reside in Florida. For lenders, this represents a newly addressable market with a potential aggregated loan dollar amount of up to $45.9 billion. This snapshot into Florida’s lendable population is one of many actionable insights available through MarketGain Powered by VantageScore?, a customized leading-edge analysis that helps financial institutions identify newly lendable consumers within their footprint and strategy. Read through VantageScore’s analysis of newly lendable consumers in Florida, and learn more about MarketGain here: https://lnkd.in/e4VpYMH3 #VantageScore #MarketGain #Florida #consumer #credit #financialinclusion

Percentage of Consumers with New Loans Declined: September 2024 CreditGauge? VantageScore's CreditGauge? reveals the percentage of consumers with newly opened credit accounts dropped in September 2024, led by a decline in new credit cards and personal loans. ?? In September 2024, newly opened credit accounts fell across all products year-over-year. Across all credit products, month-over-month new accounts slowed, except for mortgages. ?? New Credit Card accounts fell 0.26% compared to September 2023, the most among all credit products. ?? The drop in originations seen in September 2024 reflected lower demand for loans among consumers and an increased perception of risk among lenders. Download the September 2024 CreditGauge? report: https://lnkd.in/eVpUFtcy #creditgauge #financialinsights #originations #creditcard #mortgage #personalloan #autoloan #credit

Today, VantageScore would like to honor and remember all the brave men and women who have served in our nation’s armed forces. To our veterans: thank you for your service, resilience, and unwavering commitment to our nation. #VeteransDay ????