credit score
DefinitionA 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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credit score is ...
... part of the Lending & Credit subject.
... part of the Lending & Credit subject.
... an essential investing term.
Related Terms
FICO score, credit repair, Fair and Accurate Credit Transactions Act of 2003
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