Over 90 percent of all creditors base
their decisions about creditworthiness on the FICO score.
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.
Lenders use your FICO score to make
decisions about your creditworthiness.
Your FICO score is intended to help financial institutions make complex, high - volume
decisions about creditworthiness.
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.
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.
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.