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The VantageScore model

Date: March 4, 2013

How was the VantageScore model developed?

The VantageScore credit score model was developed by a representative team of statisticians, analysts and credit data experts from each of the CRCs. The VantageScore 3.0 model was later developed using approximately 45 million anonymous credit files. Data, which was pulled equally from the three CRCs, included public record information, collections information, tradeline data, and inquiries. 

When was the VantageScore model developed?

Development work began in July 2005; it was introduced to the marketplace in March 2006. In 2010, VantageScore Solutions introduced VantageScore 2.0, an updated model.  And in 2013, VantageScore Solutions developed a new model, VantageScore 3.0, leveraging the core VantageScore platform to deliver improved predictive performance.

Who will be the primary market for the VantageScore model – consumers or business clients?

The VantageScore model was created to address needs in the business and consumer credit marketplaces. However, each CRC will distribute the VantageScore model in a way that is consistent with its own business strategy, which may include both business clients and consumers.