About this app

A credit score is a numerical expression based on a level of analysis of a person's credit files, to represent the creditworthiness of an individual. A credit score is primarily based on a credit report information typically sourced from credit Bureaus.

Lenders, such as banks and credit card companies, use credit scores to Evaluate the potential risk posed by lending money to consumers and to mitigate losses due to bad debt. Lenders use credit scores to Determine who Qualifies for a loan, at what interest rate, and what credit limits. Also Lenders use credit scores to Determine the which customers are Likely to bring in the most revenue. The use of credit or identity scoring prior to Authorizing access or granting credit is an implementation of a trusted system.

Credit scoring is not limited to banks. Other organisasi, such as mobile phone companies, insurance companies, landlords, and government departments employ the same techniques. Digital finance companies such as online lenders Also the use of alternative sources of data to calculate the creditworthiness of Borrowers. Credit scoring Also has much overlap with data mining, the which uses many Similar techniques. Reviews These techniques combine Thousands of factors but are Similar or identical.

Australia
In Australia, credit scoring is Widely accepted as the primary method of assessing creditworthiness. Credit scoring is used not only to Determine Whether the credit should be approved to an applicant, but for credit scoring in the setting of credit limits on credit or store cards, in behavioral modeling such as collections scoring, and Also in the pre-approval of additional credit to a company's existing client base.


canada
The system of credit reports and scores in Canada is very similar to that in the United States and India, with two of the same reporting agencies active in the country.

germany
In Germany, credit scoring is Widely accepted as the primary method of assessing creditworthiness. Credit scoring is used not only to Determine Whether the credit should be approved to an applicant, but for credit scoring in the setting of credit limits on credit or store cards.

India
In India, there are four credit information companies licensed by the Reserve Bank of India. The Credit Information Bureau (India) Limited (CIBIL) has functioned as a Credit Information Company from January 2001. [11] Subsequently, in 2010, Experian, [11] Equifax [12] and Highmark [13] were given licenses by the Reserve Bank of India to Operate as Credit Information Companies in India. CIBIL is by far the oldest and the most popular, having its origins in the year 2000. Experian has been in existence since 2006 and Achieved a license of operation in 2010. Highmark and Equifax Also received operating licenses in 2010.

Norway
In Norway, credit scoring services are provided by three credit scoring agencies: Dun & Bradstreet, Experian and Lindorff Decision. Credit scoring is based on publicly available information such as demographic data, the tax returns, taxable income and any Betalingsanmerkning (non-payment records).

South Africa
Credit scoring is used throughout the credit industry in South Africa, with the likes of banks, micro-lenders, clothing retailers, furniture retailers, specialized lenders and insurers all using credit scores.

sweden
Sweden has a system for credit scoring that aims to find people with a history of neglect to pay bills or, most commonly, taxes.


United Kingdom
Credit Scoring in the United Kingdom is very different to that of the United States and other nations. There is no such thing as a universal credit score or credit rating in the UK.

United States
Main article: Credit score in the United States
In the United States, a credit score is a number based on a statistical analysis of a person's credit files, that in theory represents the the creditworthiness of that person, the which is the likelihood that people will pay Reviews their bills.

App Permissions

Allows applications to open network sockets.
Allows read only access to phone state, including the phone number of the device, current cellular network information, the status of any ongoing calls, and a list of any PhoneAccounts registered on the device.
Allows applications to change network connectivity state.
Allows applications to access information about networks.
Allows access to the vibrator.
Allows using PowerManager WakeLocks to keep processor from sleeping or screen from dimming.