Asked by Naoise Kiernan on Jun 24, 2024
Verified
Provide a definition for credit scoring.
Credit Scoring
A statistical analysis performed by lenders to assess the credit worthiness of credit applicants.
- Understand the concept of credit scoring and its application in credit evaluation.
Verified Answer
AK
Aditya KakrooJun 26, 2024
Final Answer :
The process of quantifying the probability of default when granting consumer credit.
Learning Objectives
- Understand the concept of credit scoring and its application in credit evaluation.