Oct. 21 at 7:19 PM
$FICO From Earnings call: Equifax said they would be able to update market penetration of VantageScore during the earnings call in February. Equifax stated it would not be an uphill slope to compete with FICO, Rather, a downhill slope because VantageScore would cost
$4.50 versus
$10 for FICO. Equifax further stated lenders, crediters, etc were already reaching out to them directly for scores. FICO decision ended up as price increase. There were analysts from pretty much everywhere. About 3/4 were asking about VantageScore. My Opinion is the only way FICO can compete with this is lower costs for FICO scores which they cant do because they have service their debt.