Sentences with phrase «decisions about creditworthiness»
For a line of credit, they are looking at a business» credit performance today, to make decisions about the creditworthiness of the business at some time in the future when it accesses the credit line.
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Lenders make decisions about the creditworthiness of borrowers based primarily on credit reports and credit scores — two ways to quickly assess an applicant's credit history.
Your FICO score is intended to help financial institutions make complex, high - volume decisions about creditworthiness.
Lenders use your FICO score to make decisions about your creditworthiness.
When American analytics company FICO introduced the first widely used credit scoring system in 1989, it was intended to help financial institutions make complex, high - volume decisions about creditworthiness.
Over 90 percent of all creditors base their decisions about creditworthiness on the FICO score.
Not exact matches
For example, when a lender evaluates your creditworthiness for a term loan, they are looking at a business» credit profile to make a decision about a loan today.
They let lenders make better decisions about customer creditworthiness.