Guest
A credit score is a numerical expression based on a level analysis of a person’s credit files, to represent the creditworthiness of an individual. A credit score is primarily based on a credit report, information typically sourced from credit bureaus. Lenders, such as banks and credit card companies, use credit scores to evaluate the potential risk posed by lending money to consumers. They also use it to mitigate losses due to bad debt. Lenders use credit scores to determine who qualifies for a loan, at what credit limits. Lenders also use credit scores to determine which customers are likely to bring in the most revenue. Credit scoring is not limited to banks. We visited a company that does credit scoring and credit rating in Iran. Iran Credit Scoring (ICS) Company is a private joint-stock company which was established in 2006. This company acts under the supervision of the Central Bank of Iran and provides credit information services to its clients in the Iranian market.
