VantageScore Solutions has published a series of three educational white papers aimed at clarifying various questions consumers and market participants have about credit scores.
Barrett Burns, president and CEO, said “VantageScore took a 'behind the scenes' approach and explained what happens with credit scores after they are pulled by a lender from one or more of the national credit reporting companies.”
Part of the reason for the increased interest in credit scores is a result of the Dodd-Frank Act's disclosure rules.
The first paper, “What's Behind Credit Scores,” explains the relationship between consumer risk and credit scores. White paper No. 2 is called “An Overview of Ways Lenders Use Credit Scores for Credit Approval” and it describes three potential scenarios for lenders to utilize credit scores in their business strategies.
Finally, the third paper, “Achieving the Same Risk Interpretation from Different Models with Different Ranges,” discusses three strategies for interpreting risk from credit score models that utilize different ranges.
