Advertising

Credit scoring

• A statistical technique wherein several financial characteristics are combined to form a single score to represent a customer's creditworthiness.

• A credit selection method commonly used with high-volume/small dollar credit requests; relies on a credit score determined by applying statistically derived weights to a credit applicant's scores on key financial and credit characteristics.

 
 

Follow this link for all the terms related to credit.

 
 Embedded terms in definition
 Credit selection
Credit
 
 Related Terms
 

<< Credit risk Credit scoring models >>

"Green" Banking: Saving the Environment as You Save and Borrow Money: You're probably already recycling paper, glass and plastic. But did you know you also may be able to help save the environment as you do your banking? Here are options that may be available from your bank. More...

You are what you think. You are what you go for. You are what you do! Bob Richards

Advertising



Copyright 2009-2019 GVC. All rights reserved.