Glossary entry
Credit scoring
Credit scoring uses statistical models to assign a score indicating the likelihood of repayment, supporting automated and consistent credit decisions.
Category
Lending technology
Definition
How it’s used
- Eligibility and risk banding
- Pricing tiers and approval thresholds
- Referral rules for edge cases
Governance matters
Store the score inputs, model version, and outcomes to support explainability and audit requirements.
Related terms
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