A credit score is a comprehensive assessment of creditworthiness calculated based on the analysis of credit history.
In the company, decisions regarding the provision of business, agricultural, and mortgage loans are made through credit analysis with an individual approach, while decisions on consumer loans are made automatically through mathematical models using the score.
Key factors influencing the decision to grant a loan include the credit history and credit rating (score). These ratings are important because when making a lending decision, the organization examines the applicant's credit history and evaluates how responsible the borrower is based on that.
The credit history consists of a collection of data regarding your serviced and currently serviced loans. The credit history can affect the decision to grant a loan and includes information up to a maximum of 5 years old.
The score is a comprehensive assessment of creditworthiness calculated based on the analysis of credit history. It depends on several factors (but is not limited to): the number and amount of loans received, payment history, and the number of new loan applications submitted.
The internal score is periodically reviewed for different types of loans based on historical data to provide current and accurate information.
To improve the score, the borrower can reduce the credit burden by fully or partially repaying existing loans, making payments on time, and avoiding any delays and demonstrating punctuality.
