credit score

listen to the pronunciation of credit score
English - Turkish
(Ticaret) kredi notu
English - English
A measure of credit risk, usually for a consumer, calculated from credit information using a standardized formula
A computer-generated number, based on a statistical model, that summarizes an individual's credit record and predicts the likelihood that a borrower will repay future obligations
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 procedure for assigning scores to an individual or company on the basis of their risk of default
A credit score is a number that tells a lender how likely an individual is to repay a loan, or make credit payments on time When a lender requests a credit report and score from a credit reporting agency, the score is calculated by a "scorecard" or scoring model - a mathematical equation that evaluates many types of information from your credit report at that agency By comparing this information to the patterns in thousands of past credit reports, scoring identifies your level of credit risk See Understanding Your Credit Score
A snapshot of a borrower's credit worthiness; a numerical score based on statistics showing the risk of default on a loan; takes into condiseration available credit, management of existing credit, and any detrimental credit information (See FICO) Fair, Isaac and Company on Credit Scoring
A statistical formula that assigns a numerical value to your credit worthiness There are many different score models When you apply for an auto loan the lender is most likely viewing your "Car Enhanced Score" This score may be higher or lower than your regular credit score Scores can vary widely among all three credit bureaus
A single numerical score, based on an individual's credit history, that measures that individual's credit worthiness Credit scores are as good as the algorithm used to derive them The most widely used credit score is called FICO for Fair Issac Co which developed it Many of the columns in Credit Issues discuss factors that affect the FICO score, including Pay Off Delinquencies to Improve Credit
In the mortgage lending world, credit scores either make or break you when it comes to obtaining a home mortgage or getting the best rate you can There are three different scores available to a mortgage lender each being generated by the three different credit agencies The most popular, known as a Fico score is from Experian (formally TRW), then there is a Beacon score from Equifax, and finally a Emperica score from Trans Union This is the "mortgage scoring" system used to get a conventional mortgage
>> 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
The score given to an individual to determine the credit worthiness These scores come from TRW, Equifax and Trans Union
Each Credit Reporting Company assigns a Credit Score to your credit report Lenders use these scores to determine your creditworthiness
A computer-generated number that summarizes an individual's credit profile and predicts the likelihood that a borrower will repay future obligations
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
The number produced by an analysis of an individual's credit history Some companies use insurance scores as an insurance underwriting and rating tool
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 numeric score from 500 - 800 that reflects the success of your use of credit Higher scores generally indicate lower risk to lenders
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
The numerical sum of weights applied to various characteristics that have been shown to predict credit worthiness
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 statistical analysis of a borrowers credit history to determine their future creditworthiness
A ranking that assists lenders in evaluating the relative likelihood of loan default Credit reporting agencies and/or credit repositories use statistical models to generate a credit score from a Borrowers credit bureau file
A potential borrower's composite of available credit, outstanding credit and payment history

Related Terms

credit scores
plural form of credit score
credit score

    Hyphenation

    cred·it score

    Turkish pronunciation

    kredıt skôr

    Pronunciation

    /ˈkredət ˈskôr/ /ˈkrɛdət ˈskɔːr/
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