Credit scoring means the practice of quantifying the credit risk a person presents using the person's history, characteristics, or attributes in a formula designed to objectively rate credit risk or insurance risk of loss.
Credit scoring means a system which enables a credit institution to assess the credit worthiness and capacity of a borrower to repay his loan and advances and discharge his other obligations in respect of credit facility availed or to be availed by him;
Credit scoring means the practice of quantifying the
Examples of Credit scoring in a sentence
Credit scoring is based on real data and statistics, so it treats all applicants objectively.
Credit scoring uses a number of factors to work out risks involved in any application.
Credit scoring referred to in Rule 2.27.2 is a method of assessing creditworthiness.
Credit scoring models and other mechanical procedures are permissible as the primary or partial basis of rating assignments, and may play a role in the estimation of loss characteristics.
Credit scoring information may be used to help determine either your eligibility for insurance or the premium you will be charged.
More Definitions of Credit scoring
Credit scoring means a statistical analysis with the goal of estimating the probability of a data subject fulfilling its financial obligations related to the extension of credit;
Credit scoring means the service of providing a numeric value, based on a statistical analysis of a borrower’s credit information and data, to represent the creditworthiness of that borrower.
Credit scoring. 4 means the probability indicator of the repayment produced by using statistical method in the Information Processing by the Credit Information Company.
Credit scoring means a statistical formula that is used, usually with the help of computers, to estimate future performance of prospective borrowers and existing consumers;
Credit scoring means a system whereby points are awarded to debtors enabling users to asses the credit worthiness and capacity of debtors to repay loans and advances and to discharge any and all other obligations with regard to credit facility availed of or to be availed of by the debtors;
Credit scoring means the process whereby credit data relating to a person held in the database of a CRA are used, either separately or in conjunction with other information held in the system, for the purpose of generating a score (being information statistically validated to be predictive of future behaviour or the degree of risk of delinquency or default associated with the provision or continued provision of credit) to be included in a credit report on the person;
Credit scoring means the service of providing a numerical value, based on a statistical analysis of a customer, consumer, or applicant’s credit file, to represent the credit worthiness of that borrower class.