VantageScore Credit Score Usage Climbs 55% to 42 Billion Scores in 2024

• Credit Card Category Leads Surge in Lender Utilization, Growing by 142%
• Record 104% Growth in Financial Services, Substantial Expansion in Fintech and Utilities Usage
• Growth Rate Accelerates by 30% or More for Third Year in a Row

SAN FRANCISCO, April 28, 2025 /PRNewswire/ -- VantageScore credit score usage is up sharply by 55% year-over-year to a record 41.7 billion credit scores for the full year 2024, according to the latest Charles River Associates analysis. The annual third-party analysis measures credit score utilization across lending segments in the consumer credit scoring industry. Market segments covered in the analysis include automotive finance, mortgage providers, credit card issuers, banks, and credit unions, among others. VantageScore utilization in the credit card sector is up by more than 142% to 24.4 billion uses. Consumer websites, which include credit education and credit score display apps and websites, are up by 28% to nearly nine billion uses over the same period. Usage by telecommunications, utilities and rental screening organizations also increased dramatically. 

"Our customers broadly accelerated their usage of VantageScore credit scores in 2024, resulting in record-breaking growth and the highest overall credit score volume in company history," said Silvio Tavares, President and CEO of VantageScore. "These results are a confirmation by lenders, fintechs and other customers that VantageScore is the credit score industry leader in growth, predictive power and innovation." 

Key highlights of the 2024 market analysis include:

To learn more about VantageScore's substantial growth in adoption over the past several years, visit https://vantagescore.com/why-vantagescore/market-adoption.

About VantageScore®
VantageScore is the fastest-growing credit scoring company in the U.S., and is known for the industry's most innovative, predictive, and inclusive credit score models. In 2024, usage of VantageScore increased by 55% to more than 42 billion credit scores. More than 3,700 institutions, including 9 of the top 10 banks, use VantageScore credit scores to provide consumer credit products including credit cards, auto loans, personal loans and mortgages. The VantageScore 4.0 credit scoring model scores 33 million more people than traditional models. With the FHFA mandating the use of VantageScore 4.0 for Fannie Mae and Freddie Mac guaranteed mortgages, the company is also ushering in a new era for mortgage lending and helping to close the homeownership gap. 

VantageScore is an independently managed joint venture company of the three Nationwide Consumer Reporting Agencies (NCRAs) – Equifax, Experian, and TransUnion.  

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SOURCE VantageScore