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VantageScore Solutions Annual Validation Affirms Models' Predictive PowerSTAMFORD, Conn. --(Business Wire)-- VantageScore Solutions, LLC, the company behind the VantageScore® credit scoring model, announced today the results of its annual validation finding that VantageScore 3.0, as well as earlier VantageScore credit scoring models, continue to be extremely effective risk management tools for lenders. Specifically, VantageScore 3.0 outperformed benchmark models by an average of 17 percent among consumers in the top 70 percent of the credit scoring range (600-850), which is a population that is representative of mainstream lender portfolios. Among the other results of the annual model validation, VantageScore Solutions found that:
Detailed results of the validation are available via a recently presented webinar available in the research section of VantageScore Solutions' website. About VantageScore Solutions VantageScore Solutions, LLC (www.vantagescore.com) is the independently managed company that owns the intellectual property rights to the VantageScore credit scoring models, including the recently announced VantageScore 3.0 model which provides up to 25 percent predictive improvement over earlier models and has the ability to formulate a score for 30 - 35 million previously unscoreable consumers. Initially developed by America's three national credit reporting companies (CRCs) - Equifax, Experian and TransUnion - VantageScore Solutions' highly predictive models use an innovative, patented and patent-pending tri-bureau scoring methodology that provides lenders and consumers with more consistent credit scores across all three national credit reporting companies.
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