Credit Scoring

Credit scoring is a system that allocates points to individuals based on their credit history and credit files.

Credit scoring is a system that allocates points to individuals based on their credit history and credit files to determine how likely they are to repay a loan. Usually the higher your score, the more likely you’ll receive a loan at a good rate. Credit scoring systems include third parties such as Clear Score and Equifax. Credit scores vary depending on the third party.

Credit Score

Credit scoring is a system that allocates points to individuals based on their credit history and credit files to determine how likely they are to repay a loan. Usually the higher your score, the more likely you’ll receive a loan at a good rate. Credit scoring systems include third parties such as Clear Score and Equifax. Credit scores vary depending on the third party.

Practical Application Example

“ I have a high credit score on Equifax but pretty average on Clear Score. ”