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Credit this: how the banks decide your credit score
Author(s) -
Edelman David
Publication year - 2008
Publication title -
significance
Language(s) - English
Resource type - Journals
SCImago Journal Rank - 0.123
H-Index - 21
eISSN - 1740-9713
pISSN - 1740-9705
DOI - 10.1111/j.1740-9713.2008.00287.x
Subject(s) - credit score , business , credit history , credit risk , actuarial science , credit reference , finance
In February, internet bank Egg announced its decision to cancel the credit cards of 161 000 of its customers. Egg were “not comfortable with the level of risk” that these customers represented. Bank customers are judged by their credit scores. So what is credit scoring? How do lenders assess your creditworthiness? And how can you improve your credit score with them? David Edelman provides some answers.