Credit Score

In this part we will explore how different countries utilize credit scoring. We will start our analysis with a general description of credit scoring and then we will deal with different country practices starting with United States. According to an article quoted to Wikipedia, c...

Well, the answer is: Numerous. In order to make a comment about the methods used for credit scoring, one has to know the idea behind credit scoring. Moreover, the processes involved in building a model for credit scoring also entails knowing the possible methods that can be used...

To give the issue a sense of an academic taste, we can refer to Loretta J. Mester who is a vice president and economist in the Research Department of the Philadelphia Fed. She is also the head of the department's Banking and Financial Markets section. In her article which is name...

Credit scoring is a procedure where an institution or an individual is evaluated based on its past payment patterns. In today’s highly globalized environment credit scoring is getting important day by day. It is important firstly, because it reduces the time and energy spent wh...

Most of us have been tricked by ads on the internet, radio, and tv about being able to check our credit scores/reports for free. There is an old adage that says nothing in life is free, while that is true for the most part, there are actually ways to get your credit report/score ...

Any people know ways to increase their credit score, but what factors actually lower your credit score? 1) Accounts that have been open less than three years. Having long term credit accounts that you consistently pay on time is an important indicator of stability. As your cre...

If most of you reading this are like me (which is unlikely because my mom always told me I was special) you receive a lot of pre-approved credit card offers in the mail. Do you typically just throw it away? If you do, don’t. The advice I am about to give might seem overly cauti...

1) Checking your credit score/history will negatively affect you This is incorrect. Personal inquiries are considered “soft inquiries”, and soft inquiries do not count against you. Soft inquiries are not part of an individual’s credit score calculation. Check your own sc...

Q: What is used to calculate your credit score? A: Credit Scores are calculated based on the information that appears on an individual’s credit report the day your score is compiled. That’s why credit scores can vary , depending on when it is calculated. If you recently ma...

Ever wonder how companies find out so much information about you? How you end up on email lists or in databases? One of the ways this happens is that Credit agencies sell your personal information. For instance, companies who have a name and address, or an email address for a pot...