What goes into your credit score calculation?

CTOS group chief executive officer Dennis Martin (file pic) told StarBiz that a credit score is a three-digit number and is derived from analysing a person’s credit information, and this represents the creditworthiness of an individual or a small and medium enterprise.

FOR most of us in the formal economy, a credit score is an “adult report card” that is tagged on us by some of the key institutions or companies that require a form of background check before they enter into deals or contracts with us.

Basically, it can be said that a credit score reveals whether a person is a good payer who fulfils his or her financial obligations when in a binding contract.