INDUSTRY INNOVATION LUNCH: THE UNSCOREABLE...IT'S NOT WHO YOU THINK

For some, the conventional wisdom is that “unscoreable” means high risk. But what opportunities lie in the millions of consumers that are either thin file or without a credit score? Barrett Burns, President and CEO of VantageScore Solutions, LLC, the company behind the VantageScore® credit scoring model, will present and discuss data that sheds light on the unscoreable and thin file populations’ risk profile….figuratively and quite literally. In addition to a data-driven discussion, Mr. Burns will be joined by Quentin Cottrell, a small business owner from Atlanta who discovered he was without a credit score based on conventional credit scoring methodology. Mr. Cottrell was the recent subject of a widely heard radio segment aired nationally on Marketplace Money where he discussed his challenging situation. Among the topics to be covered:

• How and why there is a population of unscoreable consumers
• How lenders can thoughtfully engage this population
• How a business owner who was without a credit score is navigating the credit markets
• How alternative data sources and other tools can help score millions more consumers

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