Credit Scoring Central Agencies are different across different nations. In this article I am going to cover some of the key Credit Scores, and the important parameters for them. For USA Credit Agencies, actual distribution of parameters weights is available publicly, so the same is also shown.
Each credit scoring model uses a unique combination of parameters to evaluate creditworthiness. Despite variations in scoring ranges and weightings, common factors such as payment history, credit utilization, and length of credit history are universally significant.
The document covers Credit Scores for:
1. USA – FICO and Vantage Score
2. UK – Experian Score
3. Australia – Equifax Score
4. India – CIBIL Score
5. Canada – Beacon Score
6. Germany – Schufa Score
I hope this document helps you with knowing the key parameters for Credit Scoring.
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