More on VantageScore
Eileen Alt Powell reports for the AP with more details about VantageScore, the new credit scoring system announced yesterday by the three major credit bureaus Equifax, Experian and TransUnion.
"There's clearly been a need out there to have a consistent scoring model that works across all three reporting agencies' data," said Kerry Williams, group president of Experian's credit services division. "And consumers need a consistent score that they can understand and use in their own financial lives."Meanwhile, Fair Isaac's stock price dipped on the news about VantageScore as investors became concerned about the potential impact it might have on Fair Isaac's revenues from its own credit scoring products.
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