VantageScore, FICO’s chief competitor, introduced a new credit score which captures up to 30 million more people that otherwise couldn’t be scored by conventional credit scores.

The VantageScore 3.0 can create a score for a so-called thin file consumer by considering accounts at least 1 month old, factoring in non-account data such as collections, inquiries or public records, and counting accounts that are more than 2 years old.

The VantageScore was developed by the three credit reporting bureaus — TransUnion, Experian and Equifax — and first introduced in 2006 as an alternative to the widely used FICO credit score.