The Swedish rating agency commits itself to the general outlook for the banking sector in Sweden. Nordic Credit Rating (NCR) applies a score of ‘bbb+’ for the Swedish banking market and expects an economic upswing […]
Category: Scores
Credit bureaus acquire their information from data providers, which can be creditors, debtors, debt collection agencies, vendors or offices with public records (court records, for example, are publicly available). Most credit bureaus focus on credit accounts however some also access more comprehensive information including payment history on cell phone bills, utility bills and more. Credit bureaus maintain all of this information in a comprehensive credit report, which can be used in a range of methodologies to calculate a credit score for individuals based on their credit history. Scores provide lenders with information that helps them determine credit approval and appropriate interest rates for borrowers. Borrowers with higher credit scores will likely have a lower interest rate on their loan.
German Communities Demand Good Social Credit Rating When Buying Land
The allocation guideline for the allocation of community-owned building plots in the development plan area “South of Adolf-Reichwein-Strasse” in the Rodenbach community provides an example of applied social credit rating in Germany. As part of […]
Credit Rating and Residual Debt Insurance
The question of the extent to which the creditworthiness of the borrower has an impact on the take out of a residual debt insurance is repeatedly the subject of discussions, i.e. whether consumers with lower […]
Driving Fitness Rating System
On May 1, 2014, the German Central Register of Traffic (VZR) became the Driving Fitness Register (FAER). The existing scoring system was converted to the new driving fitness rating system.The basis for this is the […]