Saturday, November 25, 2017
Facebook - Friend Us! Google+ Follow Us On Twitter! Watch Us On YouTube! Connect with LinkedIn! Connect with Pinterest! Follow us with Feedburner!

Glossary

To get a more in-depth description of any terms in the Glossary, as well as a list of articles that relate to the term, just click on the term name in the list of terms below. You will be taken to a page that contains the terms, the longer description, and a list of the articles related to that topic.

A|B|C|D|E|F|G|H|I|J|K|L|M|N|O|P|Q|R|S|T|U|V|W|X|Y|Z


A credit score is a numerical expression based on a statistical analysis of a person's credit files, to represent the creditworthiness of that person.


A credit score is primarily based on credit report information typically sourced from credit bureaus.


Lenders, such as banks and credit card companies, use credit scores to evaluate the potential risk posed by lending money to consumers and to mitigate losses due to bad debt.


Lenders use credit scores to determine who qualifies for a loan, at what interest rate, and what credit limits. Lenders also use credit scores to determine which customers are likely to bring in the most revenue. 


Credit scoring is not limited to banks. Other organizations, such as mobile phone companies, insurance companies, landlords, and government departments employ the same techniques.  Credit scoring also has a lot of overlap with data mining (information processing) , which uses many similar techniques.


Here is what your credit score means:
Above 800 - excellent
Between 750 - 800 - very good
Between 700 - 750 - good
Between 650 - 700 - fair
Between 600 - 650 - bad
Below 600 - very bad

Powered by MyInstantGlossary WordPress Plugin

Get Your Complimentary Menopause Empowerment Tips!

Menopause is a journey...get there with comfort and ease using these weekly tips!

I will never give away, trade or sell your email address. You can unsubscribe at any time.

Share and Enjoy:
  • Facebook
  • Twitter
  • LinkedIn
  • Technorati
  • del.icio.us
  • StumbleUpon
  • Digg
  • Sphinn
  • Mixx
  • Google Bookmarks
  • BlinkList
  • Orkut
  • Reddit
  • Propeller
  • Ping.fm
  • FriendFeed
  • MySpace
  • Tumblr
  • Add to favorites
  • PDF
  • Print
  • email
  • RSS