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credit scoring

   Also found in: Wikipedia 0.02 sec.
Credit scoring
A statistical technique that combines several financial characteristics to form a single score to represent a customer's creditworthiness.
Credit Scoring
The process of measuring an individual's creditworthiness. Credit scoring involves the quantification of a variety of factors in an individual's background, including a history of default, the current amount of debt, and the length of time that the individual has made purchases on credit. Banks and other financial institutions may use credit scoring to determine whether or not an individual is likely to default on a loan, mortgage, or other debt. The FICO score is the most common system of credit scoring in the United States.
credit scoring

The process of rating potential borrowers based on their overall credit history, current debts, and frequency of application for credit.The most commonly used score, by far, is the FICO score.



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Credit scoring systems that automate the underwriting of non-traditional credit files are available today but not widely used across the industry.
Survey: Hispanics could generate $200b in new mortgages by Real Estate Weekly
Who loses because of a ban on credit scoring in auto risk rating?
Sneaky Taxes: auto insurance and credit scoring provide a useful ... by Andrews, Marcellus / Best's Review
com, credit scoring models may use the following formula to calculate your score: the total amount of debt on credit cards and revolving accounts divided by the total amount of available credit on those accounts.
Should I close credit accounts? by Scott, Matthew / Black Enterprise
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