Credit Score | January 13, 2010 at 6:21 am | 10 commentsIn 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, credit score is a numerical expression based on a statistical analysis of a person's credit files, to...
Credit Score | November 19, 2008 at 12:04 pm | 6 commentsAlthough there are several scoring methods, most lenders use the FICO method from Fair Isaac Corporation. Each of tÂhe three major credit bureaus (Experian, Equifax and TransUnion) worked with Fair Isaac in the early 1980s to come up with the scoring method.
A credit score is determined much like a grade in school. Consider how a teacher calculates grades by taking scores from...
