A method that makes it possible to assess the borrower’s reliability, assess the credit risk and assess whether a person will have a problem with the timely delivery of cash.
Simply put, the profile of a potential customer is compared to the profile of other people who have already received a loan or credit.
The result is in the form of points. The higher the number of points and similar to the result of the person who pays the amount due on time, the less risky the applicant is for the bank. The financial institution will be more willing to grant him/her a credit or loan.