FOR IMMEDIATE RELEASEContact: Sarah Cain | VantageScore Email: sarah@vantagescore.com Phone: (415) 523-5018 • Delinquencies Dipped as Consumers Used Tax Refunds to Pay Down Debt and Continued to Effectively Manage Spending • Credit Utilization Dropped for Third Straight Month, Balances Rose Modestly, Signaling Trend of Rising Credit Limits from Banks and Lenders • Auto Loan, Mortgage Originations Rose; Credit Card and Personal Loan Originations Continued to Decline Month-over-Month SAN FRANCISCO — April 29, 2024—VantageScore, a leading national credit-scoring and data insights company, today ..read more

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 national credit-scoring and data insights company, today released its March 2024 CreditGauge, a monthly analysis highlighting the overall health of U.S. consumer credit. The average VantageScore 4.0 credit score rose from 701 to 702 in March. The lowest VantageScore 4.0 credit score is 300, while the highest score is 850. For the first time since May 2021, delinquencies fell across all Days Past Due (D ..read more

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 company, announced today that it has been awarded two new U.S. Patents for its groundbreaking work using machine learning to broaden the number of people who can be scored while simultaneously increasing the predictive power of credit-scoring models. As a result of these patents, more consumers will gain access to affordable credit products, while more banks and lenders will be able to expand their cust ..read more

“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. Enabling people to come over that line and get back into the creditworthy category is very important in enabling people to live their best lives.” Silvio Tavares, President and CEO of VantageScore, joined Cosimo Schiavone and Hiten Patel on The Oliver Wyman Podcast to discuss the ways in which credit scoring effectively helps open a path to financial inclusion for the “credit invisible” popul ..read more

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 basketball game in the country, home to many iconic American brands and Fortune 500 companies, and even home to world-famous musical artists. About 1.25 million residents call Minneapolis’ Hennepin County home. Despite the incredible cultural capital Minneapolis offers, over 67,000 residents in Hennepin County currently don’t meet the minimum criteria required to be scoreable according to convent ..read more

FOR IMMEDIATE RELEASEContact: Sarah Cain | VantageScore Email: sarah@vantagescore.com Phone: (415) 523-5018 VantageScore® 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 SAN FRANCISCO, April 3, 2024 – VantageScore today announced that overall usage of its credit scores increased by 42% in 2023 to a record volume of over 27 billion credit scores. This growth is reflected by increased usage by financial institutions and organizations including ban ..read more

FOR IMMEDIATE RELEASEContact: Sarah Cain | VantageScore Email: sarah@vantagescore.com Phone: (415) 523-5018 VantageScore CreditGauge February 2024: Consumers Continued to Move “Up or Out” as VantageScore Prime Credit Tier Contracted By 1.1% Year Over Year • Early-Stage Delinquencies Increased Again, First Time in Four Years Above 1% • Overall, Balances Fell and Credit Utilization Dropped to Lowest Level in Almost Three Years as Healthy Consumers Effectively Managed Debt • Auto Loan Originations Rose with Increased Inventory; Credit Card, Mortgage and Personal Loan Originations Slowed as Lende ..read more

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 health of U.S. consumer credit. The average VantageScore 4.0 credit score remained at 701. The lowest VantageScore 4.0 credit score is 300, while the highest score is 850. While the average consumer remained credit healthy, the number of consumers in the VantageScore Prime credit tier (661-780) shrank for the second consecutive month. The VantageScore Prime credit tier contracted by 1.1% year over yea ..read more

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 impact consumers. With the combination of sustained inflation and higher interest rates, “many consumers are experiencing higher levels of economic stress compared to one year ago,” said VantageScore CEO Silvio Tavares. Read the full story here: CNBC The post How Will the Fed’s Next Moves Impact Your Money? VantageScore’s Silvio Tavares on CNBC appeared first on VantageScore ..read more

“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 markets, and consumers. VantageScore 4.0 also scores 33 million more people than traditional models, which means banks can safely lend to more people, including fast-growing, traditionally ‘credit invisible’ demographics, such as communities of color. 2024 will be another banner year for VantageScore, as the FHFA has announced an accelerated timeline for implementation of VantageScore-backed ..read more