The Association of Credit Information confirmed that the check score is an intellectual indicator, which is calibrated depending on various factors.
According to the representatives of the organization, the check score takes into account not only the history of payments and credits but also such parameters as the stability of finances, the fulfillment of obligations in front of creditors, and other aspects that influence the creditworthiness of the borrower.
"This approach allows banks and creditors to make more informed decisions on issuing credits and providing financial services," noted the representative of the association.
Experts emphasize that the check score is an important tool for financial institutions, as it allows to reduce the risk of default among borrowers and determine the reliability of the borrower.
