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 == | ||
* [[Credit]] | * [[Credit]] | ||
* [[Creditworthiness]] | * [[Creditworthiness]] | ||
Revision as of 15:34, 17 June 2016
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.
