Definitions for "Credit Score"
Related Terms:
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A numerical evaluation of your credit history used by businesses to quickly understand how risky a borrower you are. Credit scores are calculated using complex mathematical formulas that look at your most current payment history, debts, credit history, inquiries and other factors from your credit report. Credit scores usually range from 300-850, with 680 or higher considered to be "good" credit scores. There are thousands of slightly different credit scoring formulas (including FICO, Beacon and Empirca scores) used by bankers, lenders, creditors, insurers and retailers. Each score can vary somewhat in how it evaluates your credit data. Click here to check your credit score online.
A computer based underwriting system used by lenders to assess a borrowers credit worthiness, potential ability to pay and overall risk of the borrower to the lender. Credit Scoring systems use historic information as well as a borrower's status to provide an assessment.
a method used in assessing an applicant's or borrower's credit worthiness.
The evaluation system used by lending institutions... more
Also know as a FICO or Beacon score, it is an individual's credit record distilled into a three-digit number, roughly between 300 and 800. The higher the number, the less of a risk that person is in handling credit in the eyes of the lending industry.
A score awarded to you by lenders to indicate whether you are creditworthy or not.
MP] A single numerical score, based on information in an individual's credit report, that measures that individual's creditworthiness.
A numeric rating of an individual's credit history created by an automated system of a credit agency. The rating is based on an individual's open credit, payment histories, current balances, as well as other indicators.
A rating given based on your credit history. Information on your past financial history and related personal facts are held by agencies and provided to institutions in order for them to evaluate your potential risk when providing you with credit.
A number generated by a statistical system used to rate credit applicants according to various characteristics relevant to creditworthiness.
A numerical rating provided on a credit report that establishes credit worthiness based upon a person's past credit/payment history and their current credit standing.
A estimate of an individual's creditworthiness based on an analysis of the data reflected in his or her credit report. A statistical system used to rate credit applicants according to various characteristics relevant to creditworthiness.
Your credit score is a number based on the information in your credit file that shows how likely you are to pay a loan back on time - the higher your score, the less risk you represent.
A number calculated by computer software containing a scoring model. The score is based solely on information in the borrower's credit report and represents a person's likelihood of repaying the loan on time. Credit scores are based on information such as past payment behavior, level of indebtedness, and length of credit history.
A calculated score between 300 and 800 that reflects a person's credit history as shown on their credit report. A credit score is used by lenders to determine loan rates and terms.
A means in which the lender may evaluate the credit rating of the potential borrower using standardized guidelines. The credit score takes into account such things as the amount of money owed in relationship to the credit limit, the number of open credit lines, the length of the credit history, the number of recent credit inquiries and numerous other factors.
A computer-generated score used to determine how likely a person is to repay a loan. Your credit score is based on your credit report. Lenders use this score to analyze your credit report and to determine your credit worthiness. You'll find more information about credit scores and reports at www.homebuyingguide.org [Free information provided by the Fannie Mae Foundation
An analysis of your creditworthiness, expressed as a number. A credit score is based on the contents of your Equifax, Experian, or Trans Union credit report. A credit scoring model adds and subtracts points based on factors such as how many and what types of accounts you have, how close you are to your credit limits, how many times you've been late, severity of your delinquencies, and recent levels of activity in applying for credit. A credit score is designed to indicate your creditworthiness to a potential lender, or creditor.
An assessment carried out by a lender to assess the likelihood that an applicant will keep up the repayments on a loan. The lender looks at an applicants credit history and other aspects relating to the applicant (e.g. income, voters roll registration, etc) and gives that applicant a score, based on that score they agree to lend or not or whether to restrict the loan amount in any way.
A numerical estimation of the likelihood that you'll meet debt obligations. A creditor gets your information from a credit reporting agency and applies a credit scoring model to calculate your credit score. For more information, see FICO® Scores.
a calculation that is performed based on the data in your credit report
a compilation of all this information converted into a number that helps a lender to determine the likelihood that you will repay the loan on schedule
a complex mathematical formula that takes into consideration all of the items appearing on your credit report and creates a "score" that quantifies your credit risk
a complex mathematical model that evaluates many types Diet drugscom phentermine pill prescription The Five Most Common Misconceptions about Credit check them for accuracy
a complex mathematical model that evaluates many types of information in a credit file
a composite based on a large number of complex calculations
a comprehensive evaluation of a person's credit rating
a comprehensive evaluation of credit risk
a comprehensive evaluation of your credit history
a computer-generated number or statistical way of predicting how likely it is that a borrower will repay debt such as a mortgage loan
a computer-generated number that indicates your ability and willingness to repay a debt based on your credit record
a computer-generated number that provides a snapshot of how likely you are to repay your debts
a computer-generated number that tells a lender how likely you are to repay your debts
a database of consumer claims created by ChoicePoint that insurance companies says it militarycarinsurance 's important that militarycarinsurance the extra amount that a company 's customers
a device used by credit grantors to verify your capacity to reimburse your amount outstanding
a fast and easy way to distill the information from a person's credit report into a simple, three-number value
a figure used by creditors as an indicator of how prone you are to repay your loans
a figure used by lenders as an indicator of how likely you are to repay your loans
a fluid number, and it changes as the elements in the credit report change
a fluid number that changes as the elements in a credit report change
a fluid number that fluctuates as the elements in your credit report do
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a mathematical calculation based on information within your credit report
a mathematical calculation used to determine the
a mathematically calculated number based on the information in a credit report
a measure of your credit worthiness
a method of determining the likelihood that a credit user (you), will pay their bills
a method of estimating the worthiness of a person's credit
an estimate of how likely you are to repay a loan made to you--the
an indication of your credit history and measures your ability to repay a debt in the future
an objective appraisal of the level of risk a borrower poses to a lender based on that borrower's credit history
an objective summary that translates personal information from your credit report and other sources into a three-digit number representing your overall credit-worthiness
an outline of your credit history
a number assigned to you based on an analysis of your credit history
a number based on the record of your credit history
a number, calculated by a computer, that is used to evaluate your creditworthiness
a number calculated by a credit bureau, a lender or another company based on your credit report
a number calculated by a credit bureau, a lender or another company for use in making a decision on a loan application or other product or service
a number calculated with the information on your credit report
a number computed by a credit bureau and used to indicate how likely a consumer is to pay back a loan and on time
a number, computed from the information on your credit report, such
a number determined by the credit bureaus
a number, generally www
a number given to you by a computer after reviewing everything on your credit report
a number insurance companies assign consumers based on
a number insurance companies assign to you based on information they find in your credit report, such as bill paying history, the number and type of accounts you have, late payments, collection actions, outstanding debt and the age of your accounts
a number of books
a number that determines how credit-worthy you are
a number that estimates an individual's financial creditworthiness
a number that fairly and impartially indicates how likely an individual is to repay a loan, or make payments on time
a number that helps a lender determine how likely an individual is to repay a loan, or make credit payments on time
a number that helps creditors decide whether to grant credit
a number that indicates the measure of a consumer's credit risk at a particulare point in time
a number that insurance companies give consumers based on credit experience
a number that is determined by the credit provider after the information requested from the credit
a number that is generated by analyzing your entire credit profile
a number that provides creditors with a quick way of judging your credit worthiness
a number that reports to a lender the likelihood of the lender repaying the loan they are applying for, or if they will be able to make their payments on time
a number that represents an individual's likelihood to repay a loan or make credit payments on time based on certain data
a number that represents the likelihood that you will make your loan payment every month or whether you will default
a number that summarizes the historical credit information on your credit report
a number used by creditors to determine your ability to repay loans
a number which rates your credit based on a set of factors in your credit report
a numerical analysis of a consumers' creditworthiness generated, credit report scoring
a numerical evaluation of your credit risk, usually on a scale
a numeric indication of how likely you are to repay debts such as loans or lines of credit
a piece of information that lenders use when evaluating your application for credit
a rating that determines your credit worthiness and the likelihood and timeliness of loan repayment
a rating that helps a business or landlord predict how creditworthy you are
a score based on the credit report of an individual
a score or rating assigned to every individual which determines his/her credit worthiness
a score that is held by the credit bureau that shows your credit worthiness
a score which is given to borrowers to understand their financial credit worthiness
a single number, based on an analysis of information contained in a credit report, that provides an indication of how likely a
a snapshot of the contents of your credit report at the time it was calculated
a snapshot of your credit history
a statistical analysis of your credit habits as they appear on your credit report
a statistical formula that translates personal information from your credit report and other sources into a three-digit score
a statistical measurement used to predict how likely you are to repay a loan based on experience with millions of consumers
a statistical method to determine the likelihood of an individual paying back the money he or she has borrowed
a statistical method to determine the probability that an individual would pay back the money he/she has borrowed
a statistical way of predicting how likely it is that you will pay back a loan, such as a mortgage, that may be made to you
a statistical way to determine the likelihood of an individual who has to pay back the money he has borrowed
a statistic that most creditors consider in determining whether to lend you money, and if so, at what terms
a sum derived from credit report information, and it aims to predict how likely a person is to repay debt
a summary of credit characteristics taken from the applicant's credit file data resulting in a three digit numeric score
a summary of your credit report and a
a three-digit figure that shows the "credit worthiness" of a consumer
a tool to evaluate the information in your credit history and predict the amount
a tool used by credit grantors to determine your ability to repay your debts
a value assigned to several criteria include the amount you owe on non-mortgage-related account such as credit cards, your payment history and credit history
An assigned score creditors use to determine
Computer-generated number indicating the likelihood an individual will repay credit received. The most common credit scores are developed by the Fair, Isaac Company and are referred to as FICO scores. Scores range from 300 to 850. Higher scores indicate a higher likelihood of repaying debt.
This term is often used to refer to credit bureau risk scores. It broadly refers to a number generated by a statistical model which is used to objectively evaluate information that pertains to making a credit decision.
A number representing the credit history of a proposed borrower. This number is established by the author of the credit report.
A number between 300 and 800, that reflects the credit history by a memberâ€(tm)s credit report.
Credit scores are used for assessing and granting of credit. It is a scientific way of evaluating risk used by lending institutions. Credit Scores are derived from an individuals credit report. The higher the score the lower the risk.
This number provides banks with the means to evaluate credit risk on whether they should loan you money or not. This number is based on an analysis of data reflected in your credit report.
This score is computed based on information in your credit report and helps lenders to make judgments about granting you a loan or a credit card. Negative information on your credit report can lower your credit score and harm your ability to get future loans, rent an apartment or even get a new job.
The numerical sum of weights applied to various characteristics that have been shown to predict credit worthiness.
an assessment made by a lender to evaluate the level of risk you pose as a borrower.
An evaluation of an applicant's creditworthiness based on key attributes of the applicant. Such attributes may include payment history, current credit accounts, capacity to pay, payment-to-income ratio, payment-to-acquisition ratio and contract terms.
A score ranging from 300 to 900 which reflects the credit worthiness of a borrower, and is primarily determined by timeliness of past loan payments
A number representing the possibility a borrower may default. It is based upon credit history and is used to determine ability to qualify for a mortgage loan..
a score applied to the information obtained on the credit report which may affect the interest rate for a mortgage.
A credit score is sometimes referred to as a FICO or Beacon score. It is a calculated number from the credit reporting agency that rates your credit standing and your credit worthiness. 800 is the highest score and 0-499 is typically a very bad credit profile.
A number, ranging from about 400 - 825, reflecting a computer program's evaluation of your credit history, balances, inquiries, available credit and other factors. Credit scores are used by many firms making lending decisions. Each of the three major credit repositories (TransUnion, EquiFax and Experian) have their own formula (known as EMPERICA, BEACON and FAIR ISSAC respectively) and commonly referred to as a FICO score. The higher the score the better.
Your credit score is a numeric designation used to determine an individuals credit worthiness.
For general discussion and based on credit card information only. Generally, the lower the score, the greater the risk of defaulting on a loan.
A number that is assigned to a person based on past payment history, the length of time credit has been established, and other variables that is found on a credit bureau. The higher the score, there is less risk associated with the borrower. The lower the score signals a potential risk.
A number summarizing an individual's credit profile that indicates the likelihood that a borrower will repay future obligations.
Your credit score is a number that is used by lenders to decide whether to give you credit and at what cost. It is based on information in your credit report. Equity: The difference between what your house is worth and what you owe on it. For example, if your house is worth $150,000 and you owe $100,000, your equity is $50,000.
This is a number that is supposed to show the lender how likely you are to repay a loan--whether you are a good or poor credit risk. This score can be a very big factor in determining whether you will get a loan, from whom, and what interest rate and fees you will be charged for your loan. The score is generated by a mathematical formula that considers your credit reports and other factors. It may also be referred to as FICO score (Fair Isaac Company) or Beacon score or some other name-these are companies that create credit scores. (See Chapter 6 in The Complete Guide to Your Real Estate Closing.)
A method, based on statistical analysis of loan applicant characteristics, through which lenders determine the applicant's qualifications for credit.
A numerical value that ranks a borrower's credit risk at a given point in time based on a statistical evaluation of information in the individual's credit file that has been proven to be predictive of loan performance.
A statistical methodology for determining a potential borrower's ability repay a loan. The higher the Credit Score, the more likely a borrower can qualify for a loan with a good interest rate.
a measure, usually a number between 200 and 1,000, of a person's financial responsibility based on different variables in a person's credit report and credit history. It is developed to relate to insurance losses and is distinct from the use of credit history for loans.
When you apply for credit, a mortgage or even to open a bank account, you may be credit scored. Points will be awarded for previous good credit handling, and you will also benefit from a good job, having lived for a long time in your present home and the like. If you do not meet a minimum “score†you will be declined. Companies do not have to explain why they have turned you down but must give you details of any credit reference agency they have used.
A numerical score that sums up – at a point in time – what your past and current credit usage predicts about your future credit performance based on statistics. The better your history of credit, the higher your score.
A Prosper credit grade is a letter grade that Prosper assigns you based on your credit score, for use solely in the Prosper marketplace. Prosper obtains your Experian ScoreX (SM) credit score from your credit report, and assigns one of eight credit grades.
When you apply for any sort of credit, including a mortgage, the lender will assess your application and award ‘pointsâ€(tm) depending on your answers to certain questions – age, employment status, income etc. The total number of points you are awarded is known as the ‘credit scoreâ€(tm). People with low credit scores may be refused credit terms.
A credit score is a numerical index which represents an estimate of an individual's financial credit worthiness. It is based on a subset of the information in an individual's credit report. Lenders, such as banks and credit card companies, use credit scores to determine credit limits and interest rates.
A statistical method of assessing an applicant's credit worthiness. An applicant's credit card history; amount of outstanding debt; the type of credit used; negative information such as bankruptcies or late payments; collection accounts and judgments; too little credit history, and too many credit lines with the maximum amount borrowed are all included in credit-scoring models to determine the credit score.
A score that is based on a person's credit history, debt, type of credit, number of bankruptcies, as well as many other factors. The most commonly used credit score is called the FICO score, which was developed by Fair Isaac Co.
A numerical value used by creditors to predict how likely an individual is to repay a new loan.
A measure of credit risk calculated from a credit report using a standardized formula. Factors that can damage a credit score include late payments, absence of credit references, and unfavorable credit card use. Lenders may use a credit score to determine whether to provide a loan and what rate to charge. Examples include the Beacon Score and FICO Score.
A number that is calculated to determine your credit "worthiness".
A computer-generated number that summarizes an individual's credit profile and predicts the likelihood that a borrower will repay future obligations.
The number between 450-850 that is determined by your current credit status. The larger the number the better your credit. The three major credit reporting agencies determine this number.
A number that indicates an individual's creditworthiness. Credit bureaus determine the score with a statistical program. You are given points for such things as your credit card debt, number of cards, total debt level, and whether you rent or own your home. Even the number of inquiries from potential creditors can affect your score because a high number of inquiries may signal credit problems. Creditors use the score to decide whether to give you a mortgage, issue a credit card, or offer a small business loan. A good score can result in a lower interest rate; a poor score can result in a higher interest rate or loan denial.
A number, roughly between 300 and 800, that reflects the credit history detailed by a person's credit report. Lenders calculate this number with the assistance of computer systems as part of the process of assigning rates and terms to the loans they make.
A numerical assessment assigned to the customer by credit bureaus that represents a measurement of the customer's overall credit rating. The scores are weighted and range from approximately 365 to 840. Low scores reflect a "high risk", while higher scores reflect a "lower risk". Each credit bureau has its own credit score system.
A number, based on information in your credit report that is used by most lenders to decide whether to extend credit and at what cost. The most common score used is called a FICO score.
Utilizing information collected from your credit application and your credit report, creditors use statistical programs to compare your information to the profiles of similar consumers. These scoring systems award points for every factor that helps predict your creditworthiness, or how likely it is that you will repay the loan.
Your credit worthiness expressed in a computer-generated number. Based on the information in your credit report, your credit score is the result of addition and subtraction of points based on factors such as how often you've been late with payments, the types of credit accounts you have, how close you are to your credit limits, and how many times you've recently applied for credit. Credit scoring increases the speed and efficiency with which consumers are granted credit. Credit scores range from 300 to 900, with the majority of people in the 600 to 800 range.
Credit worthiness is expressed using a computer-generated number. Based on the information in a credit report, a credit score (often known as a free credit score, as they have become easily obtainable) is the result of addition and subtraction of points based on factors such as late payment information, the types of credit accounts, credit limits, and how many times a consumer has applied for credit. Credit scoring increases the speed and efficiency with which consumers are granted credit. Free credit report scores can range from 300 to 850, with the majority of free credit score recipients falling in the 600 to 800 range.
A credit score is a statistical summary of the information in a consumer’s credit report. The most well know type of credit score is the Fair Isaac or FICO score. This score represents the answer from a mathematical formula that assigns numerical values to various pieces of information in a credit report.
A three-digit number that represents your credit risk to lenders. Your credit score is calculated based on the information contained in your credit history, which is tracked by two companies in Canada: Equifax or Trans Union. Your credit score is used by most lenders to help them decide whether or not you're a good credit risk. The credit score is sometimes referred to as a “FICO Score,†which is a mathematical formula created by Fair Isaac and Company.
A credit score is a numeric value obtained when a credit report is ordered on a borrower. This score is a compilation of the borrower's past credit history by weighting the number of late and current accounts, amount of credit available, number of open lines of credit and the person's willingness to repay debts. A higher score normally means a better credit rating. For example, most lenders will require a FICO score of 640 or greater to qualify for a conforming loan, which yields the lowest interest rates.
A score given by a shop or credit agency to you based on your personal and financial circumstances. It helps them to decide whether you are likely to repay the loan you are asking for.
A number calculated to reflect the likelihood of a particular person meeting their debt obligations. A credit score is reported to potential lenders when they review your credit report.
An assessment used to evaluate the amount of "risk" involved in a credit transaction, established from the analysis of information provided in a consumer's application, the potential loan, and the consumer's credit report.
A number usually disclosed on a borrower's credit report that is intended to reflect the borrower's credit history and other characteristics related to their experience with credit.
A single numerical score, based on an individual's credit history, that measures that individual's credit worthiness.
A numerical value assigned to each individual by the three credit reporting agencies. The agencies determine these scores through credit models which evaluate the use of credit. The credit score is used as a predictor of bankruptcy and repayment of debt.
A number based on an individual's credit report that indicates overall credit risk. Read more...
Calculation used by lenders to make credit decisions. Factors such as previous credit history, income, assets, and length of employment, as well as bankruptcies, and charged off loans, are reviewed when scoring an individual's credit.
Generally (but not always) a 3-digit number assigned by a CRC to a credit profile. There are many different flavors of scores, and significant differences between flavors are common. Also note that there are many "scores" generated by CRCs that never get issued to a third party--so their practical effect is nill. These are sometimes billed as "FAKOs".
A score based upon present financial condition, experience, and past credit history, used to determine the credit standing and creditworthiness of a prospective borrower.
A process lenders use to evaluate a loan application. A credit-scoring system is based on the lending organization's historical experience with borrowers.
This is a number given to a person depending on their credit situation. This can sometimes be named as a Beacon score or FICO. If a person has a good credit rating them they will have a score of 800 to 499. A person with a credit score of 499 to 0 has a bad credit rating.
A numeric assessment used to evaluate the amount of "risk" involved in a credit transaction. It involves the evaluation of credit quality based on the information provided in the consumer's application, the proposed loan structure and the consumer's credit report.
An indicator used by lenders to determine how likely someone is to pay as agreed on a loan or credit card. Information from your application and credit report is used to determine if you'll make your payments in the future. Credit score are derived from a computerized model based on a huge sample of actual credit profiles compared over time. A credit score takes into account: - the length of the borrower's credit history; - the relationship between the outstanding debt and available credit; - credit inquiries, and - whether the borrower has any delinquencies, collection accounts, judgments, or bankruptcies.
A mathematical calculation that reflects a consumer's creditworthiness. The score is an assessment of how likely a consumer is to pay his or her debts.
Numerical value placed on a credit report, by credit agencies, to attempt to assist in the lending process. Your score may determine your ability to obtain certain loans. There are 3 credit scores, each used by a major repository: FICO score: Used by TRW, BEACON score: Used by CBI and the EMPIRICA score: Used by TU.
A credit report score is a number that reflects your credit risk level, as determined by the CRA. A higher number indicates lower risk. Its determined through statistical models that use your past credit behavior and current credit relationships to predict likely future behavior.
Your credit rating is an independent statistical evaluation of your ability to repay debt based on your borrowing and repayment history. Credit grantors use a point system to evaluate your credit history, sometimes on a scale of 300 to 900. If you always pay your bills on time, you are more likely to have good credit and therefore may receive favorable terms on a loan or credit card, such as relatively low interest rates. If your credit rating is poor because you have paid bills late or have defaulted on a loan, you are likely to get less favorable terms or may be denied credit altogether.
Credit scores provide a numerical representation of a consumer's credit at a given point in time. Credit scores are calculated using data contained in a consumer's credit report. The score assesses the likelihood that a borrower will repay a loan or credit card.
The number produced by an analysis of an individual's credit history. The use of credit information affects all consumers in many ways, from getting a job, finding a place to live, securing a loan, getting a telephone, and buying insurance. Credit history is routinely reviewed by insurers before issuing a commercial policy because businesses in poor financial condition tend to cut back on safety which can lead to more accidents and more claims. Auto and home insurers may use information in a credit history to produce an insurance score. Insurance scores may be used in underwriting and rating insurance policies.
A computer-generated number that summarizes your credit profile and predicts the likelihood that you'll repay future debts.
A number, generally between 300 and 800, that reflects the credit history shown in a borrower's credit report. This score is considered predictive of the borrower's future credit performance.
A numerical value that ranks a borrower???s credit risk at a given point in time. Your credit score is based on all the information in your credit report. This information is converted into a number -- a credit score -- that the lender uses to determine whether you are likely to repay your loan in a timely manner. Your credit score is just one of several factors that will be used to evaluate your mortgage loan application.
A numerical value that summarizes a borrower's credit risk at a given point in time. Credit scores are calculated using statistical methods that evaluation certain information that has proven to be indicative of loan performance.
A calculation that is based on one's personal credit history, provided by credit bureaus to lenders, that is used to determine credit worthiness.
The score given to an individual to determine the credit worthiness. These scores come from TRW, Equifax and Trans Union.
A numerical index which represents an estimate of an individual's financial creditworthiness as calculated by a statistical model.
The term credit score is used to describe the three-digit number between 500 and 850 that appears on credit reports. In essence, this number represents an estimate of an individual's financial creditworthiness.
a mathematical calculation that reflects a consumers credit worthiness. the score is an assessment orf how likely a consumer is to pay his or her debts.
A statistical ranking of your credit history to evaluate risk by a lender, determined by credit bureaus.
A statistical method of assessing your creditworthiness. Your credit card history; amount of outstanding debt; the type of credit you use; negative information such as bankruptcies or late payments; collection accounts and judgments; too little credit history and too many credit lines with the maximum amount borrowed are all included in credit-scoring models to determine your credit score.
A weighted number assigned to an individual or organization, which is used by potential lenders to determine the likelihood the individual or organization will repay. For more information see: FICO score.
A number, roughly between 300 and 800, that reflects a person's credit history. Lenders calculate this number using a computer systems as part of the process for assigning rates and terms to the loans they grant.
A measurement of a consumer's creditworthiness based on an analysis of that consumer's credit history. Each credit reporting company uses a different scoring formula. The most important is the FICO score (scores computed by Fair Isaac Corp.) since it is used by most financial companies. FICO scores range from 300 to 850 (the higher the better). The average FICO score is currently 723. For more information, go to our page, Credit Reports and Scores.
A number, rating the quality of an individual's credit. Lenders calculate this number, often with the assistance of computer systems, as part of the process of assigning rates and terms to the loans they make.
In the United States, a credit score is a number typically between 300 and 850, based on a statistical analysis of a person's credit files, to represent the creditworthiness of that person, which is the likelihood that the person will pay his or her bills. A credit score is primarily based on credit report information, typically from the three major credit reporting agencies.
Related Terms:
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a computer-generated number that lenders use to help determine how great a credit risk you are
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a gauge or predictor of how you"ll perform in the future
a number based on an individual's credit history that helps a lender measure that person's credit risk
a numberlenders use to help them decide if you are a good risk
a number that is assigned to an individual that assesses their risk as a borrower at a particular moment
a number that reflects credit risk level, typically with a higher number indicating lower risk
a predictor of future performance, not a judgment of past behavior
a predictor of risk
a rating used by a lender to estimate the risk a company incurs by lending you money or providing you with a service
a risk management tool used by financial institutions before giving you a loan or extending credit
a snapshot of credit risk
The assessment made by a lending company to establish the amount of risk in lending to a customer.
A technique which awards points to certain aspects of a clients circumstances e.g. time in employment, time in property etc. It can be used to assess the degree of risk exposure relating to a particular lending situation.
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a lot more to auto insurance will most likely come to your rescue at some point ,so it 's imperative to purchase a policy that would car insurance company north east make them uncomfortable
a reflection of the contract to honor cheap online auto insurance the insured event occurs
a risk that you can easily find online documents and information such as one year safe auto insurance annual report
a the cost of automobile insurance loss ,from the cost of automobile insurance one or more of the members of a real estate transaction
Keywords:
mathmatical
a mathmatical
Related Terms:
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a computer compiled and generated numerical rating that is used by most credit grantors to determine if further screening should be pursued
a figure used by lenders that is an indicator as to whether you are likely to pay off loans and whether you will make payments on time
a formula that tells a potential creditor how likely you are to default on a loan
an indicator of how likely you are to pay a loan or credit card as agreed
a numerical analysis of a borrowers ability to manage their credit accounts
a numeric rating used by lenders to help determine whether you can qualify for a loan, credit card or particular service
a numeric value assigned by credit grantors to indicate how likely someone is to pay back a loan or credit card according to the agreed repayment terms
a rating system creditors use to help determine whether to give you credit, and how much to charge you for it
a rating used by a lender to help determine whether you qualify for a particular credit card, loan, or service
a rating used by a lender to help determine whether you qualify for that credit card, loan, or service you've been thinking of lately
a system used by creditors to determine whether you will get credit
A numerical designation which helps a lender determine whether or not to make a loan. The numerical designation is based on information contained in a borrower's credit report.
Keywords:
reckoning
a reckoning
Keywords:
insuranceforoldcar, loss
a loss insuranceforoldcar
a record of points that aims to gauge how responsibly we have paid our bills and our loans, how much we have tried to keep away from some dire financial straits, and how effectively we have managed our budget
a means of ranking potential borrowers
an acronym that companies have come up with to use in determining quickly if a potential customer meets their qualifications for the extension of credit
a quick way for lenders to assess how risky you are as a potential borrower
a rating used by a lender or another company intended for use in
a sum used by lenders as an
A filtering system used by most "High Street Lenders". A computer analyses the application form and adds or deducts points for each answer. For example; having a Bank account with a cheque book and guarantee card will attract high points, but having no Bank account at all will get no points or even minus points.
A Lender's standardized guidelines taking into account such things as the amount of money owed in relationship to income or the credit limit, the borrower's record of repayment, the length of the relationship and other factors.
a composite of both positive and negative information such as missed payments or bankruptcies (if any) as well as accounts paid satisfactorily
a basic rating of a person's trustworthiness based on their
See Credit rating.
a scientific method of determining your probability of paying bills on time
a snapshot of your credit at one point in time
This is your credit status based on searches carried out by a credit reference agency.
a a subsidiary of the parent company 's combined ratio is a form of perpetual insurance
Date of last delinquency
a value assigned to several criteria used in
Keywords:
bit
a bit like that
a very popular measure of the financial responsibility of an applicant