Models & Scores
An introduction to the different types of validation samples Model validation is an essential step in evaluating and verifying a model’s performance during development...
According to our recent research for the State of Alternative Credit Data, more lenders are using alternative credit data to determine if a consumer...
The traditional credit score has ruled the financial services space for decades, but it‘s clear the way in which consumers are managing their money...
In my first blog post on the topic of customer segmentation, I shared with readers that segmentation is the process of dividing customers or...
Marketers are keenly aware of how important it is to “Know thy customer.” Yet customer knowledge isn’t restricted to the marketing-savvy. It’s also essential...
Alternative credit data sources make it possible for lenders to gain a more holistic view of existing and potential client bases, enabling them to...
Traditional credit attributes provide immense value for lenders when making decisions, but when used alone, they are limited to capturing credit behavior during a...
Today’s consumer lending environment is more dynamic and competitive than ever, with renewed focus on personal loans, marketplace lending and the ever-challenging credit card...
You just finished redeveloping an existing scorecard, and now it’s time to replace the old with the new. If not properly planned, switching from...
In 2017, 81 percent of U.S. Americans have a social media profile, representing a five percent growth compared to the previous year. Pick your...
We use our laptops and mobile phones every day to communicate with our friends, family, and co-workers. But how do software programs communicate with...
Looking to score more consumers, but worried about increased risk? A recent VantageScore LLC study found that consumers rendered “unscoreable” by commonly used credit...
Lenders are looking for ways to accurately score more consumers and grow their applicant pool without increasing risk. And it looks like more and...
As credit behavior and economic conditions continue to evolve, using a model that is validated regularly can give lenders greater confidence in the model’s...
A recent study by VantageScore Solutions, LLC analyzed if consumers would continue to be creditworthy over time. Highlights about consumer credit score migration over...
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