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Tag: credit bureaus

credit scoring

Understanding the Concept of Credit Scoring Models

Credit scores are used to determine the credit risk of loan applications. This is done using historical data as well as statistical techniques. The score can be used by banks to produce a rank for the loan applicants and borrowers in terms of risk factors. To build this model developers

How Often Should I Check My Credit Report

How Often Should I Check My Credit Report?

You may want to consider checking what’s on your credit report at least once a year. That’s right at least once a year get a copy of all three of your credit reports. You’ll want to know what each credit bureau (TransUnion, Experian and Equifax) have listed on your reports.