TransUnion has developed an innovative risk assessment model designed to help auto lenders evaluate the potential for future loan delinquency based on the history of the vehicle used as collateral.  The TransUnion Vehicle History Score was developed in partnership with Carfax and uses vehicle-specific information to help lenders improve risk segmentation.

The TransUnion Vehicle History Score is designed to predict the credit risk of an auto loan using information collected by Carfax over the operating life of the auto. Using only the Vehicle Identification Number (VIN), Carfax transmits vehicle history data to TransUnion which forms the basis of the TransUnion Vehicle History Score. The score returns a value of 100 to 999, corresponding to a rank-ordering of the propensity for default on a loan using the vehicle as collateral.

About Carfax: Carfax is the vehicle history expert for used car buyers, sellers and the automotive industry. Carfax created the Vehicle History Report in 1986 and maintains the largest vehicle history database ever assembled, comprising over 11 billion vehicle records from more than 75,000 sources across North America. A Carfax® Vehicle History Report™, the most trusted resource for vehicle history information, is an essential step in the used car buying process. Thousands of auto lending professionals partner with the Carfax Banking & Insurance Group and use Carfax information for risk mitigation, title research and collections.

Source:  TransUnion Press Release