= Credit scoring
{wiki=Credit_scoring}
Credit scoring is a statistical method used by lenders to assess the creditworthiness of potential borrowers. It involves the calculation of a numerical score that reflects the credit risk of a borrower based on their credit history and financial behavior. Key components of credit scoring typically include: 1. **Credit History**: This includes an individual's past borrowing and repayment behavior, including the amount of debt, payment history, and the types of credit used.
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