credit scoring

Frequency: 8.518.3 per million words

a system used by lenders to assess the creditworthiness of a potential borrower

scoringNOUN + scoring

Categories:

credit

Examples (10)

  • Credit scoring is a crucial tool for banks to assess loan applicants.
  • Many lenders rely on automated credit scoring systems to make quick decisions.
  • Understanding your credit scoring can help you secure better loan terms.
  • The new regulations aim to make credit scoring more transparent and fair.
  • Factors like payment history and debt levels significantly influence credit scoring.
  • She was rejected for the mortgage due to a low credit scoring.
  • Fintech companies are innovating new methods of credit scoring for underserved populations.
  • Improving your financial habits will positively impact your credit scoring over time.
  • The accuracy of credit scoring models is constantly being refined.
  • Businesses often use credit scoring to evaluate the risk of potential clients.