INDUSTRY INNOVATION SESSION

Are All Nonprime Consumers Really Nonprime?
12:45-1:45 pm

Presenter:
Barrett Burns, President & CEO, VantageScore Solutions, LLC

Session Description

Enabling better decisioning that reaches a broader population is especially important in today’s market, with its shrinking pool of borrowers and tighter credit standards. You'll get a firsthand look at why credit grantors can use VantageScore to reach more scorable consumers, ultimately decisioning more people more appropriately. Participants will also learn about the new VantageScore credit scoring model, which was developed by the nation’s three leading credit bureaus –- Equifax, Experian and Trans Union. Finally, the group will engage in a question and answer session.

Topics to be covered include:

• Identifying viable borrowers among nonprime consumers, at all score intervals
• Accurately reclassifying consumers out of subprime
• Achieving greater scoring consistency among multiple consumer scores
• Unique development characteristics of the VantageScore model