Credit score: Difference between revisions
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Potential lenders, such as banks and credit card companies, use credit scores to evaluate the risk of lending money or of advancing other forms of credit, and to reduce the incidence or size of losses resulting from bad debts. | Potential lenders, such as banks and credit card companies, use credit scores to evaluate the risk of lending money or of advancing other forms of credit, and to reduce the incidence or size of losses resulting from bad debts. | ||
== See also == | == See also == | ||
* [[County court judgment]] | |||
* [[Credit]] | * [[Credit]] | ||
* [[Credit rating]] | |||
* [[Credit reference agency]] | |||
* [[Creditworthiness]] | * [[Creditworthiness]] | ||
[[Category:The_business_context]] | |||
[[Category:Investment]] | |||
[[Category:Identify_and_assess_risks]] | |||
[[Category:Manage_risks]] | |||
[[Category:Financial_products_and_markets]] | |||
Latest revision as of 01:00, 18 March 2021
A summary based on the credit record of an individual or a business, to represent their creditworthiness.
Potential lenders, such as banks and credit card companies, use credit scores to evaluate the risk of lending money or of advancing other forms of credit, and to reduce the incidence or size of losses resulting from bad debts.
