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MayA credit score is a statistical number that evaluates a consumer’s creditworthiness and is based on the individuals credit history. Credit scores steams from a key need – The need to ascertain the associated default risk of the borrowing party using historical credit reference and predict the probability that the borrower will default/perform on a new loan obligation. By some credit score user’s standard however, the current credit score model may be limited in a number of ways – (1) It leverages on credit parameters and ignore individuals without credit, even though such person may be liquid. (2) It declares […]