Credit University

Understanding VantageScore and FICO: A Comprehensive Comparison

#block_49218f168d6f9207e159b497d0d91418 .customBlock img{ max-height: 510px; } Introduction Credit scores, integral in assessing creditworthiness, are intricate and often shrouded in complexity. The dilemma for lenders lies in choosing between FICO and VantageScore, as both present compelling attributes. This article aims to elucidate the…

Why Are Credit Scores Different Across Credit Bureaus?

Language surrounding the financial world often paints credit scores as a singular, universally accepted metric for assessing an individual’s creditworthiness. However, the reality is quite different and much more nuanced – but it’s not a mystery. Why might a person have three…

Lending in a Recession, Mitigating Risk, and Lending AI at LEND360

#block_fa04d0f7f9a51507b974a60729d74077 .customBlock img{ max-height: 510px; } Every year, online lending leaders gather at LEND360 to explore fintech industry trends, technologies, and strategies and their impact on consumer and small business lending. In 2023, hundreds of lenders, bank representatives, fintechs, and software and…

What Is Identity Verification: Exploring Tools and Solutions for Businesses

#block_f0fdf7b7e69e263b5ee7b3b9e1e95459 .customBlock img{ max-height: 510px; } Everyday, real lives and digital lives continue to blend – and so the need for identity verification processes has never been more critical for businesses. People might not be who they say they are. And cybercriminals…

What is SBSS? A Comprehensive Guide for Small Business Lenders

Lenders rely on business credit reports to provide a business credit score and help them qualify business loan applicants, mitigate risk, and help them with financing decisions. Commercial credit data is a crucial component of smart business lending and lenders have options…

Different Credit Scores Explained: Why Do They Differ Across Bureaus?

A credit score is a numerical expression based on credit and financial history pulled from various credit bureaus. It’s one of the most important ways our society measures financial trustworthiness.  Whether a score is used for business lending and underwriting, renting a…

How to Check a Business Credit Score: Mitigate Risk with Reliable Borrowers

According to a 2022 survey, US companies are losing an average of $300,000 per business annually to fraudulent invoices. Choosing the wrong business partner or customer is a costly mistake, and not just in terms of dollars. Companies risk damaging their brand…

The Future of Credit? Traditional Credit Data Meets Alternative Credit Data

Alternative data is driving heated discussion in fintech, credit, and financial spaces. Why? It could be the next frontier for consumer financial data. Traditional credit data has been, and continues to be, the driving force behind credit data-driven processes, flows, and decisioning.…

FICO Score and VantageScore Credit Score Types

A credit score provides an estimate of an individual’s creditworthiness based on an analysis of their credit report. Credit scores evaluate the risk of lending money to consumers. Modern credit scoring dates to 1956 when Bill Fair and Earl Isaac, the founders…

CRS can satisfy the most challenging credit data requirements. Try us.

© 2024 CRS Group, Inc.