Cryptocurrency Q&A
What scores do most lenders use to determine risk?
What scores do most lenders use to determine risk?
Sat Jan 11 2025
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7 answers
1922
I'm curious about the scores that lenders typically rely on to assess the risk of lending money. I want to know which factors or scores they consider most important when making decisions.
7 answers
Mon Jan 13 2025
Your FICO® score influences the likelihood of your application being approved.
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Mon Jan 13 2025
It also impacts the interest rate you will be offered.
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Mon Jan 13 2025
FICO® scores play a crucial role in the financial world.
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Mon Jan 13 2025
A higher FICO® score typically results in lower interest rates and better loan terms.
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Mon Jan 13 2025
These scores are widely recognized by lenders as a reliable indicator of credit risk.
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