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Credit scoring 101

scoring

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Understanding your credit score doesn’t have to be complicated. Whether you're planning to apply for a loan, secure a credit card, or simply want to take control of your financial health, knowing the basics is a great place to start. In this Credit Score 101 guide, we’ll break down what a credit score is, why it matters, and how you can improve it. Think of this as your starting point before diving into specific topics like credit reports, score ranges, and tips for building a strong financial foundation. Ready to take the next step? Let’s explore!

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Scorecard Method

scoring

credit score

scorecard

Definition

Scorecard - a model that using probabilities or ratings to assess the Risk levels associated with applicants or clients. All variables will contribute to the overall points that applicants will get.

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