STAMFORD, Conn. -- VantageScore Solutions, LLC, a newly formed company launched by three national credit reporting companies in March, has appointed Barrett Burns as president and CEO, effective immediately.
Burns, 60, has more than three decades of professional experience in risk and credit management. He has held a diverse number of senior leadership positions at major financial institutions, including Citibank, U.S. Trust, Ford Motor Credit, and Bank One.
VantageScore is a predictive scoring system that was created jointly by Equifax, Experian, and TransUnion that can uniformly be applied to data from any of the three credit reporting companies, the agencies said.
Burns said the new scoring system allows credit grantors to evaluate consumer creditworthiness with significantly greater precision, and consumers will be able to more readily understand their credit scores and the factors that determine them."
"I'm confident that once VantageScore's advantages are widely understood, it will become a market leader," Burns said.