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SourceLaw Dictionary Browse Letter C

Credit Score

Legal definition for Indian law research

Definition

credit score


a score calculated by using a person's credit report to determine the likelihood of a loan being repaid on time. Scores range from about 360 - 840: a lower score meaning a person is a higher risk, while a higher score means that there is less risk.



Source: U.S. Department of Housing and Urban Development


Definitions are for legal research. Always verify meaning in the context of the statute, judgment, or jurisdiction cited.

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