Remove 2018 Remove Credit Risk Remove Credit Scoring
article thumbnail

Which Credit Score Do Lenders Use? 

CreditStrong for Business

Lenders choose scoring versions that work for their needs. VantageScore vs FICO Most people use the terms credit score and FICO Score the same way, but there’s more than one type of credit score. You’re more likely to use your FICO credit score though. People like students and immigrants.

article thumbnail

FICO Survey: Secondary Market Expects Higher Volatility in 2023

FICO Blog

Like in years past, we also surveyed SFVegas 2023 attendees on the overall economic climate and how they use credit scores to support securitization risk management. Investors and other secondary market participants want a credit score that is predictive of credit risk and proven over time.

article thumbnail

The Majority of CFOs Expect a 2020 Recession – Is Your Financial Institution Ready?

Abrigo

To make sure your risk scoring model strikes a balance between the two, there are several key objective and subjective factors to consider for your model. Common objective factors include comparative ratio analysis based on industry, loan-to-value ratios, credit scores, and payment history.