Tag: vantage score

The Unscorable Problem Gets Worse

Has the plight of the conventionally unscorable worsened? Unfortunately, based on a recent VantageScore analysis, it has been exacerbated. The overall population in America has increased dramatically, even though the last decade has seen the slowest growth rate of all times. As the overall population has increased, so has the number of consumers who are not scoreable when conventional credit scoring models are used. Indeed, according to the Consumer Financial Protection Bureau, about 1 in […]

A woman holding a credit card and looking at her credit score on a silver laptop

Understanding How Your Credit Score Works and How It Changes

Many people just know that a  credit score is just a number, but they really do not know what that number really means. Credit scores play a crucial role in a consumer’s financial health. Many financial institutions use these credit scores generated by credit scoring companies like VantageScore along with other major and minor financial information to make a decision on whether to deny or approve a consumer for a loan and what terms to […]