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

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Apr 28, 2025, 08:00 ET

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.

VantageScore Credit Score Usage (Billions)

"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:

VantageScore Usage Grows 55% to All-Time High of 42 Billion Credit Scores: 41.7 billion VantageScore credit scores were used in 2024, up from 26.9 billion in 2023, as lenders across credit products increased their use of VantageScore. Growth of VantageScore significantly outpaced the growth of overall credit usage in the United States for 2024.
Credit Card Lenders Drive 142% Growth in VantageScore Usage: Credit card lender usage of VantageScore grew by 142% in 2024, driving the largest volume gains in any of the credit product categories. VantageScore significantly outperformed the overall credit card market.
Financial Services Usage Up 104%: VantageScore utilization across financial institutions grew approximately 104%, with sub-categories seeing double- and triple-digit percentage growth. VantageScore also experienced significant growth in sub-sectors, including fintechs and utilities. For example, usage in consumer websites and telecommunications, utilities and rental screening organizations grew 27.8% and 2,907.5% respectively. Additionally, VantageScore usage in mortgage originations surged 166%, but this growth was more than offset by non-recurring, one-time declines in usage by government-sponsored entities (GSEs) after a large spike in usage related to mortgage portfolio analyses during 2023. Many leading mortgage GSEs performed extensive analyses of large mortgage portfolios in 2023, but those uses did not repeat in 2024, resulting in an overall decline in VantageScore mortgage use of 42%. Mortgage analyses in 2023 resulted in the acceptance of VantageScore for use by mortgage GSEs and government agencies in 2024, including the Veterans Administration and the Federal Home Loan Banks of New York, Chicago, Dallas, Cincinnati and San Francisco.

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.

SOURCE VantageScore