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Credit Score Definition Investopedia.
Trade the Forex market risk free using our free Forex trading simulator. What is a Credit Score. A credit score is a statistically derived numeric expression of a person's creditworthiness that is used by lenders to access the likelihood that a person will repay his or her debts. A credit score is based on among other things a person's past credit history. It is a number between 300 and 850 the higher the number the more creditworthy the person is deemed to be. BREAKING DOWN Credit Score. A FICO score is the most widely used credit scoring system.
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Credit score Wikipedia the free encyclopedia.
Trans Union Emperica scores also range from 300 and 900. The Government of Canada offers a free publication called Understanding Your Credit Report and Credit Score. 7 This publication provides sample credit report and credit score documents with explanations of the notations and codes that are used. It also contains general information on how to build or improve credit history and how to check for signs that identity theft has occurred. The publication is available online at the Financial Consumer Agency of Canada. Paper copies can also be ordered at no charge for residents of Canada. In Germany credit scoring is widely accepted as the primary method of assessing creditworthiness.