Sentence examples for consumer creditworthiness from inspiring English sources

We help build consumer creditworthiness and improve access to fairer rates of credit.

"There's a lot more scrutiny from banks," said Neil Munroe, external affairs director for Equifax, which tracks consumer creditworthiness.

In the plaintiffs' view, the dealers had no money at risk and should have been indifferent to any variations in consumer creditworthiness.

But they are a good indicator of a company's ability to assess consumer creditworthiness and risk.

The Fair Isaac Corporation, whose software is used by credit card and mortgage companies to measure consumers' creditworthiness, said yesterday that it had bought Narex and that the purchase would reduce profit this quarter by 1 cent a share.

We will take these and other factors into consideration when assessing consumers' creditworthiness".

Holoway's ultimate paying customer, he says, will be banks and financial institutions that currently have no way to assess consumers' creditworthiness other than using the traditional FICO scores.

Implemented in the 1980s for lenders and banks to provide an algorithm-based assessment of consumers' creditworthiness, the clandestine, proprietary credit score models are the credit industry's secret sauce and they're selling it to every bank and lender on the market.

Because these two items traditionally have counted as serious negative indicators of a consumer's creditworthiness, they depressed credit scores.

FICO sells the algorithms to the three credit bureaus — Equifax, Experian and TransUnion — which each then use different formulas to compute a consumer's creditworthiness.

The creator of the FICO score, for instance, the credit score used by most banks and lenders to gauge a consumer's creditworthiness, last year created a Spanish version of its "myFico" Web site for consumers.