Credit score
Definition
A single numerical score, based on an individual's credit history, that measures that individual's credit worthiness. Credit scores are as good as the algorithm used to derive them. The most widely used credit score is called FICO for Fair Issac Co. which developed it. Many of the columns in Mortgage Credit Issues discuss factors that affect the FICO score, including Raise Credit Score by Paying Delinquencies? and Do Credit Inquiries Hurt Your Credit Credit?
Related Terms Other terms related to 'Credit score' starting with the letter 'C' Credit report, Conventional mortgage, COSI, Construction financing, Correspondent Browse by Letter » 1 4 A B C D E F G H I J L M N O P Q R S T U V W Y | 