This is particularly true in industries like mortgage lending where appraisals and other information play an important part. Lenders usually calculate application scores directly. Custom scores can be calculated by lenders or by the credit bureaus with whom they work. This is a difficult question to answer. With most scoring models, the higher the score the better.
Higher scores mean lower risk.
For other scoring models it's the other way around. That decision may be to offer people with lower scores a different product, rather than turning them down. EasierHomeLoans does not make loans or credit decisions. This Web site is for educational purposes only. Copyright 1999-2001 EasierHomeLoans.