Credit scores are an imperfect measure of default risk. Someone with a credit score in the mid-600s is more likely to default in a weak economy than in a strong economy.

VantageScore Solutions, developer of the VantageScore credit scoring model, is launching an interactive tool designed to address this limitation, which it says can lead analysts to miss the true credit quality of a pool of loans. The Default Risk Index (DRI) tracks the changing levels of default risk in four major consumer lending categories.

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