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.
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Related Terms
credit report, consumer reporting agency, credit bureau, credit scoring, FICO score
Related Research Articles from the InvestorGuide.com University
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