The credit scoring system is used by creditors to determine someoneâ€(tm)s creditworthiness based on their credit history.
A system which creditors to assess whether or not you are a safe enough risk for credit or loans. Many variables are taken into account from the punctuality of your bill payments, any debt collection agency incidents, and the age of accounts which are currently open in your name. Your details are compared objectively with people in similar social groups to yourself. Higher scores indicate that you are a safer bet for the credit company and more likely to be approved.
In order to decide the creditworthiness of borrower, a statistical system is used where applicants are rated according to various characteristics.
Is a system that allocates points to the borrowers based on various criteria, so that it can be referred to in future for deciding on whether to approve or reject the loan application of the specific borrower.
A statistical system that rates credit applicants based on various borrowing and payment characteristics and history.
A statistical system that determines your total credit score by assigning numerical scores to various credit-related characteristics.
The credit scoring system is a statistical system which determines whether or not to grant credit by assigning numerical scores to various characteristics related to creditworthiness.
A system t rates credit applicants according to various characteristics relevant to credit worthiness.
A statistical system used to rate credit applicants according to various characteristics relevant to creditworthiness.
A statistical system used to profile individuals pursuant to various characteristics relevant to creditworthiness.
A system used to determine whether or not to grant credi. A numerical score based on various characteristics is used to determine your creditworthiness.
A system used to determine the worthiness of a person, using statistical data with variables.
a quantitative, statistical evaluation method used to establish a credit applicant's creditworthiness
A statistical system used to determine whether or not to grant credit by assigning numerical scores to various characteristics related to creditworthiness.
A numerical system designed to measure the likelihood that a borrower will repay a debt created by assigning scores to various characteristics connected to creditworthiness.