Crednology Holding Corp Announces ScoreNavigator's New Agreement With TransUnion To Now Offer VantageScore 3.0 Model
May 14 2015 - 9:30AM
Access Wire
GRAY, GA / ACCESSWIRE / May 14, 2015 / The
VantageScore 3.0 model offers significant predictive improvement
over other credit scoring models by using more granular data from
all three national CRCs. Through a comprehensive review of every
aspect of the model - from the data to the segmentation to the
performance definitions - the team identified that using a broader
and deeper set of credit file data could substantially improve
model performance.
Based on extensive testing, the VantageScore 3.0 model offers
significant predictive lift across all risk segments and credit
types. In fact, the model outperformed benchmarks in 99 percent of
tests. Better still, predictive lift increased up to 25 percent
among prime and near-prime consumers - traditionally a lender's
most desired target demographic.
The VantageScore 3.0 model offers enhanced predictiveness for
both originations and existing account management. The more
granular data, in conjunction with improved modeling techniques,
have delivered substantial improvement in identifying originations
risk, which mean lenders can minimize the likelihood of bringing
risk into their portfolios.
Along with the VantageScore 3.0 ScoreNavigator will also supply
members with the Auto and Insurance Score. Using our
Scientific Analytical Mathematical Software members are provided
with the only report that recognizes many factors used in credit
scoring and assigns a point deduction number per item on a credit
report. Millions of credit reports are used monthly to determine
not only the predictability on loan repayment but also insurance
rates and employment. The importance to provide consumers with more
than just a report and score has become increasingly challenging
for most credit report issuers and resellers.
ScoreNavigator has reached the next pinnacle level to become
more than a credit report reseller by becoming a credit report
solution provider. Our credit, financial, and behavioral
analytic programs are designed to show members how lifestyles
determine the predictability on repayment of loans, employment
performance, and the 3-digit score.
Members having access 24/7 to our interactive score simulators
allows them to work with different scenarios to determine the
changes in their credit score without having to pull a new
report.
CEO Rusty Bresse is happy to announce a planned National
Television Advertising Campaign starting in the 2nd quarter.
"I am excited to know the innovative credit and financial products
we provide will now be in front of millions," stated Bresse. The
commercial can be viewed at www.myscorenavigator.com.
The 1st quarter was used wisely rebuilding both
Scorenavigator.com and CreditDNA.us. Many new components were put
into place to handle the anticipated volume in business. We have
signed contracts with many of the largest debt settlement and debt
management companies. COO Troy Fields says, "CreditDNA's
credit and financial company is the perfect next step for consumers
so they will be prepared and educated while re-establishing their
credit profile and needs." Fields also added, "working with top
notch professionals in the profit and non-profit credit sector who
have actually preformed for their customers, has made the
transition a pleasant experience."
CTO Kenneth Ward has continued to add special features to notify
members on credit and financial awareness. Our unique products and
tools are created in house with continuous testing before being
introduced into the market place.
Kalypso Investments management team has introduced CreditDNA and
ScoreNavigator to CEOs in debt buying, debt and student loan
settlement, financial institutions debt management and credit card
providers. The foundation is built, the necessary changes are in
place, the ongoing training is happening, so it's just a matter of
time before our software becomes a household name.
"The attention and recognition we have received the past six
months has been amazing," Bresse stated, and also added, "Our goal
is to analyze credit Internationally in the over 90+ countries who
provide credit reports and credit scores."
About Crednology Holding Corp
Crednology Holding Corp, a Delaware corporation, a leading
provider of technology and software to the credit industry which
offers developmental solutions worldwide for real estate
professionals, mortgage originators, property management and
financial advisers. Its subsidiaries, ScoreNavigator and CreditDNA,
utilize the company's exclusive Point Deduction Technology.
This technology has the unique ability to analyze a credit report
and give full visibility to the points being deducted for each
account. For further information, visit
www.credholdingcorp.com.
About ScoreNavigator
ScoreNavigator, a wholly owned subsidiary of Crednology Holding
Corp, is a credit analysis tool designed for consumers and loan
originators. It analyzes the electronic version of a credit report
and recommends the quickest way to achieve a credit score and to
achieve the score needed for loan approval. It is a scientific
analytical tool. Its recommendations are based on the understanding
of credit score calculations and how different factors affect
scores either positively or negatively. ScoreNavigator can only
suggest actions a consumer can take. ScoreNavigator itself cannot
directly cause credit scores to rise or fall. ScoreNavigator is a
tool used by consumers and loan originators to maximize a credit
score resulting in more approvals and closed loans. For further
information, visit www.scorenavigator.com.
About CreditDNA
CreditDNA, Inc., a wholly owned subsidiary of Crednology Holding
Corp, is a Credit Management company with exclusive technology that
other companies do not have. We help you establish or re-establish
a good credit history, and provide ongoing training and support.
CreditDNA, Inc. provides you with up-to-date credit education
material and your own credit coach to assist in keeping you on the
right credit path. For further information, visit
www.creditdna.us.
Safe Harbor Statement
Matters discussed in this press release contain forward-looking
statements within the meaning of the Private Securities Litigation
Reform Act of 1995. When used in this press release, the words
"anticipate," "believe," "estimate," "may," "intend," "expect" and
similar expressions identify such forward-looking statements.
Actual results, performance or achievements could differ materially
from those contemplated, expressed or implied by the
forward-looking statements contained herein, and while expected,
there is no guarantee that we will attain the aforementioned
anticipated developmental milestones. These forward-looking
statements are based largely on the expectations of the Company and
are subject to a number of risks and uncertainties. These include,
but are not limited to, risks and uncertainties associated with:
the impact of economic, competitive and other factors affecting the
Company and its operations, markets, product, the impact on the
national and local economies resulting from terrorist actions, and
U.S. actions subsequently.
Contact: Crednology Holding Corp:
ir@credholdingcorp.com
Corporate Website: http://www.credholdingcorp.com
SOURCE: Crednology Holding Corp