PR - Kohl?s Using VantageScore for Automated Risk Decisions

Experian, a global information services provider, today announced that Kohl’s, one of the nation’s premiere department store retailers, will utilize VantageScore from Experian for scoring both its retail credit card application approval process and its portfolio and account review process.

VantageScore, a credit score jointly developed by Experian, Equifax and TransUnion, simplifies the credit granting process for businesses by providing a service that applies one, consistent formula to data from all three of the credit bureaus. Introduced to the market in March 2006, this innovative approach to credit scoring provides an objective credit scoring system across all three national credit reporting companies.

“Kohl’s is very confident in the predictiveness VantageScore has shown in assessing risk,” said Troy Carrothers, Senior Vice President, Credit at Kohl’s. “We believe in employing leading-edge technology to enhance our processes and increase the value we bring to our customers and shareholders.”

“VantageScore represents a breakthrough in credit scoring technology,” says Kerry Williams, group president, Credit Services & Decision Analytics at Experian. “Kohl’s is among the first companies to implement VantageScore from Experian into their automated scoring systems — a testament to their forward-thinking vision and reliance on innovative technology.”

VantageScore is being independently marketed and sold separately through each of the three national credit reporting companies via licensing agreements with VantageScore Solutions, LLC.