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.”