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Credit Scores Shift as Mortgage Lenders Favor VantageScore, Households Feel Debt Pressure

TransUnion, Equifax add flexibility to when lenders pay for scores
TransUnion, Equifax add flexibility to when lenders pay for scores

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Key developments this week show the credit‑scoring landscape reshaping while American families strain under higher debt burdens. Rocket Mortgage announced it will use VantageScore 4.0 as its default model …

Credit Scores Shift as Debt Burdens Rise and New Scoring Models Gain Traction

TransUnion, Equifax add flexibility to when lenders pay for scores
TransUnion, Equifax add flexibility to when lenders pay for scores

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Mortgage lenders are increasingly turning to VantageScore 4.0, with Rocket Mortgage naming it the preferred model for eligible direct‑to‑consumer mortgages and reporting average borrower savings of $1,600 at closing. …