STAMFORD, Conn.--(BUSINESS WIRE)--VantageScore Solutions, LLC, the company behind the VantageScore® credit scoring model, has launched a new series of consumer-education videos, addressing questions and concerns raised by real-world consumers.
Each segment in the series of 10 short “Street Credit” videos begins with consumers voicing questions or concerns about credit scoring in their own words. A representative of VantageScore Solutions, LLC, then appears on camera with an explanation or clarification of the issue at hand.
The subject matter was chosen based on input from consumers as they went about their business in a retail area in central Connecticut, not far from VantageScore’s headquarters in Stamford, Connecticut. Topics include:
- Where to get reliable information about credit scoring
- The differences between credit scores and credit files
- Why two spouses’ credit scores may differ
- How student loans can affect credit scores
The Street Credit video series is the latest effort in an ongoing consumer-education program by VantageScore Solutions, devoted to helping consumers better understand credit scoring and the role personal behavior plays in determining credit scores. Other projects include:
- CreditScoreQuiz.org, a free website, co-sponsored with Consumer Federation of America, that consumers can use to learn how much they know (and don’t know) about credit scores;
- ReasonCode.org, another free website, which provides deeper descriptions of the score-explanation statements that accompany VantageScore credit scores, and relevant tips for improving scores;
- YourVantageScore.com, the consumer portion of VantageScore Solutions’ website, which provides infographics, tips, and videos aimed at boosting consumer knowledge of credit scoring.
“VantageScore Solutions has always been firmly committed to consumer education, and to helping clarify the relationship between credit behaviors and the credit scores that reflect them,” said Barrett Burns, president and CEO of VantageScore Solutions, LLC. “These ‘Street Credit’ videos advance the VantageScore mission of promoting credit awareness and access to high quality credit opportunities for all Americans.”
The Street Credit videos will be distributed in coming weeks via VantageScore Solutions’ social media channels on Facebook, Twitter. They will be housed permanently on the company’s YouTube channel and at YourVantageScore.com.
About VantageScore Solutions
VantageScore Solutions, LLC (www.vantagescore.com) is the independently managed company that owns the intellectual property rights to the VantageScore credit scoring models, including the VantageScore 3.0 model, which has the ability to formulate a highly accurate score for 30 – 35 million previously unscoreable consumers. Initially developed by America’s three national credit reporting companies (CRCs) — Equifax, Experian and TransUnion — VantageScore Solutions’ highly predictive models use an innovative, patented and patent-pending tri-bureau scoring methodology that provides lenders and consumers with more consistent credit scores across all three national credit reporting companies. Nearly one billion VantageScore credit scores were used in 2014, by over 2,000 lenders and other industry participants, including six of the 10 largest banks.
