What is a credit risk score?

Answer A credit risk score is a score used by creditors to determine how risky it is to loan money to an individual. The most commonly used credit risk score is the Fair Isaac Corporation score, named aft... Read More »

Top Q&A For: What is a credit risk score

Low FICO Score Credit Risk?

A low FICO (Fair Isaac Corp.) credit score can be a real problem when you want new credit. Because every lender will check with some credit bureau to discover what kind of credit score you have, a ... Read More »

TransUnion Credit Scores: Risk Score Factors?

When you purchased or shopped for your TransUnion credit score you probably did not see an option for a true FICO score -- the most common credit score in the lending industry. But do not be alarme... Read More »

Can an insurer rate insurance risk based on a credit score?

Many companies use your credit score to determine how much of a risk you would be to the company. Car and homeowners insurance companies, use credit to determine whether or not they will offer you ... Read More »

Will canceling credit cards with high available credit hurt my credit score?

Closing a credit card with a high available credit limit will lower your available credit, as well as remove some of your credit history. Typically, it does lower a borrower's credit score, althoug... Read More »