Gamblers can certainly start with the term score more than a naïve creditor. There are more than 10 translations for the English vocabulary score. They range from “evaluation” to “number of points” to “game or score”. Also “hit count” comes as a translation in question. forumdellamagia.org has more notes
The credit bureau, however, has their own view of the scoring.
It expresses the likelihood that a customer will meet its payment obligations as per contract. This is far from everything explained, because immediately many questions about the score are raised. What is evaluated? Which score is good and what is my score? We would like to know that as potential borrowers, right?
To create a score, the credit bureau of our roots remembers and goes under the defra and collectors. In the process, no berries are collected, but experiences to create the most reliable and objective forecast for the future. A jumble of data is computer-aided analyzed and mathematically-statistically evaluated.
Even though there was scoring in the USA before the First World War, the credit bureau left time until 1990 to commission mathematicians and statisticians to create scores. It should be so good that regularly examining universities and independent specialist institutes consider the score system to be meaningful. As far as the statement of credit bureau about her achievement. The data mixers evidently omit everything that is not part of it and is discriminatory. The scoring is only based on data that the scored people see in their own information. This includes the number and type of credit activities, a list of payment defaults, or information about when the customer can already demonstrate experience with lending operations. Nationality, occupation, income, marital status and neighborhood do not play a fiddle. Even more: These data are not recorded by the credit bureau at all (she says).
Is it then done with a single score when a lender wants to find out about someone?
Not at all. One is not enough there. After all, it also makes a difference whether the customer buys a pair of socks at mail order on pump, or whether he has envisaged a business villa. To make the difference, the credit bureau has developed several industry-specific scoring models. A person can therefore enjoy several scores over himself. Are we still looking through there, if we obtain a personal information? Yes, says the credit bureau and provides a base score. This is not a fixed size, but changeable. After all, the data change about us, new ones are added, old ones are deleted. In addition, the calculation models are subject to constant testing and possible adaptation.
If that stinks to be calculated like the average temperature and who does not want such averages to be transmitted to any contractors, that can unsubscribe. It costs nothing, except for a stamp for a letter to the following address:
It should be considered that without scoring, perhaps no contracts will be possible. At the very least, such degrees may be speed and simplicity. In addition, you will no longer receive a base score in your own information. But we did not want that anyway, did we?
Anyone who, in the view of credit bureau, represents too great a risk of default, only has a chance of obtaining a loan without credit bureau.