Business terms and jargon explained. Your business dictionary

What is Credit Scoring

This is the process of assessing an individual's or business credit-worthiness. The information from an application form is used together with outside sources of information to decide on a score. Certain responses will attract higher scores than others and the total score. This will determine whether the person or business is successful in their application for credit or if they pose a too high a credit risk.

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Term created / updated 2009-07-30 10:25:32

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