New Rules for Scoring Mortgage Borrowers Coming in Q4 2025
This month, the Federal Housing Finance Agency (FHFA) announced an accelerated timeline for VantageScore adoption in the mortgage marketplace. Lenders who want to sell mortgages to Fannie Mae and...
View ArticleMake The Right Moves for Your Credit Score This Tax Season
April 15th is fast approaching, which means you have only a few remaining weeks to deal with your 2023 tax returns. And while the topics of taxes and credit reporting don’t normally find their way...
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Why Is the VantageScore Prime Credit Tier Shrinking? Silvio Tavares,...
“The average VantageScore has been steady at 701 through the end of January 2024 after dropping 1 point in July 2023. This masks a bit of a separation between consumers. The VantageScore Prime tier,...
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VantageScore Momentum Surges with Latest Credit Innovations: Silvio Tavares,...
“The use of VantageScore credit scores has grown 30%, far outpacing our competitors. That’s because VantageScore offers the most predictive, reliable and innovative credit scores for lenders, capital...
View ArticleHow Will the Fed’s Next Moves Impact Your Money? VantageScore’s Silvio...
At a time when all eyes are on the Fed and their decisions around interest rates, Silvio Tavares, President and CEO of VantageScore, spoke to CNBC to explore how the Federal Reserve’s next moves could...
View Article4 Ways to Establish Credit if You Are Credit Invisible
Are you “invisible” when it comes to getting the credit you need? According to the Consumer Financial Protection Bureau (CFPB) there are approximately 45 million people in the U.S. who can’t get the...
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Consumers Continued to Move “Up or Out” as VantageScore Prime Credit Tier...
SAN FRANCISCO — March 27, 2024—VantageScore, a leading national credit-scoring and data insights company, today released its February 2024 CreditGauge, a monthly analysis highlighting the overall...
View ArticleVantageScore® Credit Score Usage Surges 42% to 27 Billion Credit Scores in 2023
Record Growth Driven by Accelerated Adoption from Banks and Fintechs of VantageScore’s Innovative and Inclusive Credit Score Models VantageScore today announced that overall usage of its credit scores...
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Shedding Light on Why More than 67,000 Minneapolis Residents are Currently...
VantageScore scores almost 10% more Hennepin County residents than conventional scoring models One half of the famous ‘Twin Cities,’ Minneapolis, MN is home to firsts such as the first intercollegiate...
View ArticleA Golden Age of Credit-Scoring Innovation: VantageScore President and CEO...
“When you say to someone, ‘you’re not creditworthy,’ the main thing they hear is ‘you are not worthy.’ The ability to empathize with being labeled that way has been a really big driver of my career....
View ArticleVantageScore Awarded Multiple Patents for Machine Learning Innovations in...
New U.S. Patents Significantly Expand VantageScore’s Leadership in Inclusive and Innovative Machine Learning for Credit Scoring VantageScore, a leading national credit-scoring and data insights...
View ArticleTake these 4 steps to clean up your financial house
Are you feeling good about your finances? Or do phrases like “account balance,” “credit score” and “retirement savings” give you a twinge of anxiety? Don’t worry, you’re in good company. Only 50% or...
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March 2024 CreditGauge™ Shows Delinquencies Dipped, Average VantageScore...
Credit Utilization Dropped for Third Straight Month, Balances Rose Modestly, Signaling Trend of Rising Credit Limits from Banks and Lenders SAN FRANCISCO — April 29, 2024—VantageScore, a leading...
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VantageScore 4plus™ is Here! New Alternative Data Credit Scoring Model...
VantageScore 4plus Uses Open Banking Data from Any Aggregator and is Compatible with All Major Credit Reports VantageScore today announced that its newest credit-scoring model, VantageScore 4plus, is...
View ArticleAuto lenders’ use of VantageScore grew more than 34 percent overall in 2023:...
Automotive News recently covered VantageScore’s rapidly rising market adoption in the automotive sector, noting that “use of VantageScore credit scores grew roughly 28 percent at captive finance...
View ArticleDon’t Let Newlywed Bliss Become Financial Woe: 4 To-Dos Before You Say “I Do”
For better, for worse; for richer, for poorer—that’s the promise most couples make in their wedding vows. When it comes to their finances, many couples fall into some common pitfalls that can haunt...
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How VantageScore Helps U.S. Military Service Members Establish Credit
VantageScore is expanding access for more creditworthy borrowers overlooked by traditional credit scoring models, including our active-duty military and veterans Our nation’s military service members...
View Article“Consumers are Increasingly Credit-Healthy,” says VantageScore President and...
“The good news is the consumer is very healthy and improving in overall credit health. As you look at the end of April, the average VantageScore is 702… and 702 is a great credit score. Banks are also...
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Loan Originations Rose Across All Products for First Time in Nearly a Year,...
Delinquencies Declined Across All Days Past Due (DPD) Categories compared to March 2024, but Still Remained Higher than April 2023 SAN FRANCISCO —May 29, 2024— VantageScore, a leading national...
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The Rise in Consumers’ Late Debt Payments Is Slowing Down: WSJ
Delinquent debt payments are still mostly higher than they were a year ago, but are trending in the right direction for now. As recently reported in the Wall Street Journal, VantageScore’s April 2024...
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