Credit score: Difference between revisions
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* [[Credit]] | * [[Credit]] | ||
* [[Creditworthiness]] | * [[Creditworthiness]] | ||
[[Category:The_business_context]] | |||
[[Category:Investment]] | |||
[[Category:Identify_and_assess_risks]] | |||
[[Category:Manage_risks]] | |||
[[Category:Financial_products_and_markets]] | |||
Revision as of 12:23, 25 August 2019
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.
