credit score Definition

credit score

Definition

A measure of credit risk calculated from a credit report using a standardized formula. Factors that can damage a credit score include late payments, absence of credit references, and unfavorable credit card use. Lenders may use a credit score to determine whether to provide a loan and what rate to charge.

This content can be found on the following page:

Reproduction of all or part of this glossary and/or this page, in any format, without written consent is prohibited. If you have questions about this dictionary please feel free to contact us feedback\@\investorguide.com

email
print
cite
link
translate
share

credit score is ...
... part of the Lending & Credit subject.

... an essential investing term.

Related Terms

consumer reporting agency - More

credit bureau - More

credit scoring - More

FICO score, credit repair, Fair and Accurate Credit Transactions Act of 2003

Featured Sponsor