Contact Information: PR Contact: John Branham 312.985.3299
TransUnion Interactive Shifts to Consumer-Friendly VantageScore
Scoring Model Features Simplified Letter Grade and Greater Consistency Across All Three Credit Reports
| Source: TransUnion Interactive
CHICAGO, IL--(Marketwire - January 11, 2010) - TransUnion Interactive, the consumer subsidiary
of TransUnion, announced today that it is now exclusively providing
customers at its TrueCredit.com website with the VantageScore to help them
better understand how lenders are likely to view their creditworthiness.
Introduced in March 2006 and now utilized by four of the top five U.S.
financial institutions and eight of the top 10 credit card issuers,
VantageScore is a highly predictive and consistent consumer credit scoring
model featuring a score range of 501 to 990 and a corresponding letter
grade (A-F) to help eliminate consumer confusion associated with credit
scores.
"Because there are so many lenders using so many different scoring models
to assess applicants, VantageScore's letter grading system gives consumers
a leg up when checking their own credit standing," said John Danaher,
president of TransUnion Interactive. "With VantageScore you get a simple
letter grade to help you more easily understand how a lender is likely to
view you, regardless of the scoring formula used to assess the information
in your credit reports."
VantageScore utilizes "leveled characteristics" across the three credit
reporting companies to ensure that the scores and letter grades a consumer
receives for their three credit reports will all be consistent unless the
information contained in those reports is different. "That's a major
advantage for consumers," added Danaher. "Because knowing what your credit
reports say about you and how that's impacting your score is critical to
maintaining a healthy and accurate credit history and obtaining credit in
the future."
About TransUnion Interactive
TransUnion Interactive, Inc. is the consumer subsidiary of TransUnion, a
global leader in credit and information management, which maintains credit
histories on an estimated 500 million consumers across the globe. With
TransUnion Interactive, businesses can better acquire customers, strengthen
long-term customer value and increase their bottom line. Through
TransUnion Interactive's product suite, which includes TrueCredit.com
(http://truecredit.com/) and zendough.com
(http://www.zendough.com/), consumers can benefit from online educational
materials, free monthly newsletters and easy-to-use tools designed to help
them manage and control their finances.