Credit Scoring - Law Dictionary Search Results
Home Dictionary Name: credit scoringcredit score
credit score a score calculated by using a person s credit report to determine the likelihood of a loan being repaid … meaning a person is a higher risk while a higher score means that there is less risk source u s department
Credit scoring
a system which enables a credit institution to assess the credit worthiness and capacity of a borrower to repay his loan … credit scoring means a system which enables a credit institution to assess
fico score
credit score is evaluated using information from the three major credit bureaus and is usually between 300 and 850 source u … is likely to pay his or her bills a credit score is evaluated using information from the three major credit bureaus
mortgage score
the borrower that is obtained from the loan application the credit report and property value information the score is a comprehensive … loan application the credit report and property value information the score is a comprehensive analysis of the borrower s ability to
risk scoring
risk scoring an automated way to analyze a credit report verses a manual review it takes into account late … risk scoring an automated way to analyze a credit report verses a
predictive variables
that are part of the formula comprising elements of a credit scoring model these variables are used to predict a borrower … are part of the formula comprising elements of a credit scoring model these variables are used to predict a borrower s
Credit information
credit information companies and specify by notification in this behalf credit information companies regulation act 2005 s 2 d
letter of credit
the payment for the merchandise in effect the letter of credit is considered to extend a line of credit or substitute
credit
in the truth of 3 a to enter upon the credit side of an account b to place an amount to
unified credit
cannot exceed that period s tax liability and so the credit may be gradually used up over a period of years
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