The scoring system looks at and analyzes data at the same point in time on the same consumer records from all three national credit reporting companies. Below is how the new scoring system awards a grade:

Grade / For Scores
A 901-990 
B 801-900 
C 701-800 
D 601-700 
F 501-600 

VantageScore is the only commercially available credit risk model built using a synchronized development data sample provided by all three credit reporting companies. Plus, all three credit reporting companies deliver the same algorithm through existing channels. As a result, you can simplify the maintenance and management of single and multiple tier score cut-off strategies.

Limit score variations to increase consistency
Make fairer decisions based on more stable scores across each credit reporting company. VantageScore uses leveled credit characteristics across all three national credit reporting companies to limit score variability significantly. This means any score variations are limited to differences in the data maintained by the three companies. In addition, VantageScore applies the same standard method for scoring multiple inquiries to avoid unnecessary impacts to a customer?s score.

Generate better results with advanced segmentation capabilities 
Who better to help you leverage VantageScore than the companies entrusted with maintaining our national credit data repositories? VantageScore combines this collective experience with patent-pending segmentation techniques to create a highly predictive model that helps you generate better results from automated processes. Plus, VantageScore delivers a greater level of detail than any other commercially available multi-bureau model, including the specific identifier for the scorecard that was used and a brief profile description of the consumer.

Features:
*Automatic selection of most appropriate scorecard?from a total of 12? based on key elements in the credit file.
*24-month performance period.
* Use FACT Act compliant Adverse Action logic to return up to four reason codes with each score except in the case of a maximum score.
* Multiple inquiry de-duplication, including 14-day de-duping?all auto, mortgage and non-telco utility inquiries that occur in any 14-day period are treated as a single inquiry.
* The same model across all three Credit Reporting Agencies.
* National validation summaries available upon request.

Consumer availability will be later this year.

Order your free credit report copy at Credit Federal and check for errors.