Financial Inclusion Archives

Act Fast: New Credit Score Rules That Could Change Your Approval Odds

The new credit score rules are transforming how lenders evaluate consumers, and understanding these changes is essential if you’re applying for loans or credit cards. Designed to offer a more accurate reflection of financial responsibility, the updated scoring models now include alternative data such as rental payments, utility bills, and reduced weighting on medical debt. […]

A robot holding a clipboard with a VantageScore 4plus credit score chart sits at a desk with a laptop and pen.

New Alternative Data VantageScore 4plus™ Credit Scoring Model Boosts Predictive Power and Financial Inclusion

Credit Scores / Press Release / credit scoring, financial inclusion, lending, open banking, predictive analytics

SAN FRANCISCO, May 15, 2024 /PRNewswire/ — VantageScore today announced that its newest credit-scoring model, VantageScore 4plus™, is now available for pilot by banks, fintechs and government lenders. Built using VantageScore’s pioneering and patented technology, VantageScore 4plus combines the power of alternative open banking data with traditional credit data to give lenders a substantial predictive lift

New Alternative Data VantageScore 4plus™ Credit Scoring Model Boosts Predictive Power and Financial Inclusion Read More »

financial inclusion

Act Fast: New Credit Score Rules That Could Change Your Approval Odds

New Alternative Data VantageScore 4plus™ Credit Scoring Model Boosts Predictive Power and Financial Inclusion

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