Credit Score
/ˈkrɛdɪt skɔːr/
Definitions
- (n.) A numerical expression based on an individual's credit files, representing creditworthiness used by lenders to evaluate credit risk.
The lender denied the loan application due to a low credit score.
Forms
- credit scores
Related terms
Commentary
Credit scores aggregate financial data into a simplified metric to inform lending decisions; understanding the source and calculation method is critical in legal disputes over credit decisions.
This glossary is for general informational and educational purposes only. Definitions are jurisdiction-agnostic but reflect terminology and concepts primarily drawn from English and American legal traditions. Nothing herein constitutes legal advice or creates a lawyer-client relationship. Users should consult qualified counsel for advice on specific matters or jurisdictions.