07:33 AM

TransUnion Implements New VantageScore(R) 2.0 Scoring Model

CHICAGO, IL--(Marketwire - January 20, 2011) - TransUnion announced today that it will be implementing the new VantageScore® 2.0 Scoring Model as part of its solution set offered to financial institutions.

The model, which is built on a blend of consumer credit bureau behaviors from 2006-2009, shows an improved performance over the original version across the main industries where credit scores are used. One of the primary reasons for the updated VantageScore model was the significant changes in consumer repayment behavior in recent years.

"We believe VantageScore 2.0 will serve financial institutions well in this post recession environment. The implications associated with the recent economic downturn, which adversely affected the credit of many consumers, can now be assessed via this scoring model," said Steven Sassaman, executive vice president in TransUnion's financial services business unit. "TransUnion offers a myriad of scoring models to our customers, and we strongly believe that VantageScore 2.0 will be tremendously beneficial to the financial industry in managing risk in their portfolios."

The newest installment of VantageScore was built using a development sample compiled from two performance timeframes, 2006 - 2008 and 2007 - 2009, with each timeframe contributing 50 percent of the sample, reflecting more recent credit conditions.

The VantageScore credit risk model was first introduced in March 2006 in direct response to a demand for a credit score model that would be more predictive, score more people and offer more consistent consumer scores across TransUnion and the other national credit reporting companies.

About TransUnion

As a global leader in credit and information management, TransUnion creates advantages for millions of people around the world by gathering, analyzing and delivering information. For businesses, TransUnion helps improve efficiency, manage risk, reduce costs and increase revenue by delivering comprehensive data and advanced analytics and decisioning. For consumers, TransUnion provides the tools, resources and education to help manage their credit health and achieve their financial goals. Through these and other efforts, TransUnion is working to build stronger economies worldwide. Founded in 1968 and headquartered in Chicago, TransUnion employs associates in more than 25 countries on five continents. www.transunion.com/business

About VantageScore Solutions

VantageScore is used by all of the top five credit card issuers, four of the top five financial institutions, and two of the top five auto lenders.

Stamford, Conn.-based VantageScore Solutions, LLC (www.vantagescore.com) is an independently managed company that holds the intellectual property rights to VantageScore. Created by America's three major credit reporting companies (CRCs) -- Equifax, Experian and TransUnion -- VantageScore's highly predictive model uses an innovative and patented scoring methodology to provide lenders with a more consistent interpretation of consumer credit files across all three major credit reporting companies and the ability to score more people.