Credit scoring is a statistical analysis performed by lenders and financial institutions to determine the creditworthiness of a person or a small, owner-operated business. Credit scoring is used by lenders to help decide whether to extend or deny credit.
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A credit score of 670 to 739 is generally considered good. A score of 800 or above on the same range is considered to be excellent.
Credit score
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A credit score is a numerical expression based on a level analysis of a person's credit files, to represent the creditworthiness of an individual. A credit score is primarily based on a credit report, information typically sourced from credit... Wikipedia
Range: 300 to 850
What's a credit score? A credit score is a number — typically between 300-850 — that estimates how likely you are to repay a loan and make the payments on time.
Scores can be scaled to any numerical range; generally, the higher the credit score of the borrower, the lower the risk of nonpayment of credit. CSPs may use ...
Credit scores typically range from 300 to 850. Within that range, scores can usually be placed into one of five categories: poor, fair, good, very good and ...
Aug 28, 2023 · A credit score is a prediction of how likely you are to pay a loan back on time based on information from your credit reports.
Credit scoring models (also termed scorecards in the industry) are primarily used to inform management for decision making and to provide predictive information ...
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