FICO Scores Have the Advantage in the Structured Finance Market, But VantageScore is Catching Up
June 2, 2017
VantageScore is gaining traction as an alternative to FICO credit scores in consumer lending and structured finance, according to a study by DBRS. Introduced in 2006 as a joint venture among three national credit bureaus – TransUnion, Experian and Equifax – VantageScore was first used in securitization transactions backed by student-loan refinancings. Its transition to consumer loans and structured finance demonstrates industry acceptance as an alternative to the widely used FICO scores, DBRS pointed out. The study compares...