Statement From Equifax Inc. Regarding Fair Isaac Corp. Lawsuit Against VantageScore LLC and the Three National Consumer Credit R
13 October 2006 - 2:51AM
PR Newswire (US)
ATLANTA, Oct. 12 /PRNewswire-FirstCall/ -- Equifax believes that
Fair Isaac's lawsuit is without merit and the company plans to
vigorously defend itself and VantageScore Solutions LLC. We
anticipated that Fair Isaac would consider litigation in an attempt
to slow customer adoption of VantageScore. (Logo:
http://www.newscom.com/cgi-bin/prnh/20060224/CLF037LOGO) The
creation of VantageScore is a direct result of customer demand for
a more consistent, objective and better performing approach to
credit scoring across all three national credit reporting
companies. Contrary to Fair Isaac's claims, VantageScore in fact
increases competition in the marketplace, and provides credit
grantors and consumers with more choice, not less. Equifax has
received extremely positive feedback from its customers who believe
that VantageScore offers a more consistent and better performing
scoring system that will be a great benefit to the credit system as
well as to consumers.
http://www.newscom.com/cgi-bin/prnh/20060224/CLF037LOGO
http://photoarchive.ap.org/ DATASOURCE: Equifax Inc. CONTACT: David
Rubinger of Equifax Inc., +1-404-885-8555 Web site:
http://www.equifax.com/
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