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.

Article type: metered
User access status: 3
Join our Telegram channel to get our Evening Alerts and breaking news highlights

Money & You , credit , score , COTS , Dennis Martin , payment history ,

   

Next In Business News

CPO futures market to see technical correction next week Premium
Fed policymakers embrace more rate hikes, markets a little less Premium
Tokyo Gas begins synthetic methane trial using green hydrogen Premium
Bruised US stock investors brace for more pain in second half of 2022 Premium
An ‘AAA’ move? Premium
A ‘Volcker recession’ in the making Premium
Real stress hurts bank buybacks Premium
Masayoshi Son’s eternal optimism Premium
Koong sets the standards for the community Premium
Lotus’s joins halal products marketability campaign Premium

Others Also Read