Equifax will keep its $1 VantageScore 4.0 price in place through the end of 2027 as it pushes mortgage lenders to adopt the alternative credit score model, CEO Mark Begor told investors.

The initiative was first launched in March, when the company also continued to offer free VantageScore 4.0 credit scores to mortgage, automotive, card and consumer finance customers who purchase FICO scores. 

The Federal Housing Finance Agency (FHFA) activated the usage of VantageScore 4.0 in April for more than 20 mortgage lenders, when the U.S. Department of Housing and Urban Development (HUD) signaled future adoption. 

“While the vast majority details ⇒

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