@iv wrote:
@Anonymous wrote:
Saw this on my Yahoo Finance feed today. Thought it was interesting to see that Vantage may be making some headway. What do others think?
http://finance.yahoo.com/news/goodbye-fico-hello-vantagescore-151802856.html
I think TU and CK did a decent job of getting their press release to appear as a "news" article...
Not really seeing any big change in the scoring market, though.
Agree with iv. I've seen articles like this several times over the years, and while I think it would be a perfectly fine thing for FICO to have serious competition, I don't see it happening. In fact, the language in the article is deceptive, since the huge expansion in "use" they cite could be mostly due to CK dumping TransRisk and adopting Vantage. I don't see anything saying, "Major Bank X has switched from FICO to Vantage" or "Bank industry group Y suggests its members adopt Vantage."
I think if they had any impressive stats about Vantage use in the real credit world, they'd be touting them, probably at the top of the article.
