credit scores
Lending risk assessments
Credit scores are numerical ratings that summarize a person's creditworthiness—their likelihood of repaying borrowed money.
Lenders use them to decide whether to approve loans and at what interest rates.
In the U.S., scores typically range from 300 to 850, with higher numbers indicating lower risk.
Her credit score dropped after she missed several payments.
The score draws on payment history, debt levels, and length of credit history.
- interest ratesPrice paid for borrowing
- three-digit numberInteger from 100-999
- creditworthinessAbility to repay debts
- good standingFavorable status or reputation
- hard inquiryRecorded credit report access
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- creditcreditworthiness, creditworthy, FICO, FICO score, microcredit
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Assets less debts
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poor credit · excellent credit · unscored · bankruptcies · defaults
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