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Universe Expansion: Is the Way You Score Customers State of the Art or State of Denial?

Date: March 28, 2014

Universe Expansion: Is the Way You Score Customers State of the Art or State of Denial?

Perhaps the most critical question we can ask ourselves in a post- recession economy is: What can we learn from the last five years to improve our risk management tools? For VantageScore Solutions,this question led the team developing our latest model, VantageScore 3.0, to challenge every core assumption of the traditional consumer behavioral modeling process to determine whether the long-held “state of the art” data and modeling assumptions continue to be state- of-the-art!

By challenging those assumptions, the VantageScore scientists discovered that by leveraging sophisticated data and statistical modeling techniques, consumers who were previously unscoreable because they used credit differently than conventional consumers can now be scored effectively and fairly, satisfying both risk and fair lending criteria.

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