How it performs in the bankcard industry

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In the bankcard industry, the VantageScore 3.0 model provides an 11 percent performance improvement over the CRC credit score model for account management and a six percent performance improvement for originations for the Near-Prime to Super Prime credit tiers.

Building on the already strong performance of the VantageScore 2.0 model, the VantageScore 3.0 model provides a six percent performance improvement for account management and a five percent performance improvement for originations.

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The VantageScore 3.0 model performs extremely well in a bankcard lender's “decisioning zone”–the middle 40 percent of the population as ranked by credit risk–which is typical territory for mainstream lender originations. The VantageScore 3.0 model provides a 30 percent performance improvement over the CRC credit scoring model for account management, and a 13 percent performance improvement for originations among consumers in the decisioning zone.

An 18 percent performance improvement is seen over the VantageScore 2.0 model for account management in the decisioning zone, as well as an 11 percent performance improvement for originations.

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For the Subprime population segment, the VantageScore 3.0 model provides a six percent performance improvement for account management, and a seven percent performance improvement for originations when compared to the CRC credit scoring model. The model provides a six percent performance improvement for account management, and an eight percent performance improvement for originations when compared to the VantageScore 2.0 model.

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Why it’s more consistent

Nearly identical risk assessment across the three CRCs

VantageScore 3.0 provides strong risk alignment across CRCs for the bankcard industry. For the near-prime to super prime credit tiers, default rates vary by an average of 0.14 percent for account management 20-point score bands, and 0.20 percent for originations.

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More consistent consumer scores across the three CRCs

For the bankcard industry, consistency of consumer scores remains strong in the VantageScore 3.0 model, with 82 percent of consumer scores within 20 points when sourced from two or more CRCs, and 93 percent of consumer scores within 40 points across CRCs.

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Score distributions

With the bankcard industry, score distributions are highly consistent across all CRCs.

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In the bankcard industry, VantageScore 3.0 achieves virtually identical performance across the three major CRCs for both originations and account management accounts.

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