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Tag Archives: VantageScore Solutions

Alternative Credit Scoring Models Matter

Competition ensures a healthy and productive market. Credit scores are no exception.  A new study commissioned by VantageScore Solutions, a consortium of the three credit bureaus (Equifax, Experian, and TransUnion), found that institutional investors with exposure to asset-backed securities (ABS) ...

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Survey: Americans Don’t Know How Credit Scores are Calculated

In a study commissioned by VantageScore Solutions and the Consumer Federation of America (CFA), more than 1,000 representative American consumers were asked 19 questions designed to gauge their knowledge of credit scoring. While the findings illustrate respondents are aware of a handful of facts surrounding their credit score, there are still some major gaps in their knowledge.

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Credit Reporting Companies Implement New Scoring Model

VantageScore 2.0, the latest credit scoring model from VantageScore Solutions, is now fully implemented at all three major credit reporting agencies - Equifax, Experian, and TransUnion. VantageScore 2.0 was created in response to significant changes in consumer credit repayment behavior, and the company says it enables lenders to better mitigate risks and make more informed lending decisions.

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New Vista CEO Named Chair of Fed’s Consumer Advisory Council

The Federal Reserve announced Monday that it has named 10 new members to its Consumer Advisory Council and designated a new chair and vice chair for 2011. The council advises the Federal Reserve board on the exercise of its responsibilities under the Consumer Credit Protection Act and on other matters in the area of consumer financial services. Jim Park, CEO of the REO disposition firm New Vista Asset Management, has been selected to chair the council.

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VantageScore Launches New Version of Credit Scoring Model

VantageScore Solutions, an independently managed business created by the three major credit reporting agencies, has unveiled its new credit score model, VantageScore 2.0. The update was brought about by the significant change in consumer credit repayment behavior, said company officials, who added that all credit models should be updated regularly to ensure they remain accurate.

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