More decision-making that is consistent Since a credit history consistently takes under consideration both positive and negative information contained in the credit history it has the benefit over a manual decision-making environment where you are able that some negative information may work out a disproportionate effect upon the end result.
16. Does ICB accept or decrease my application for the loan?
No, ICB just isn’t a loan provider. ICB stores your credit file with its systems and returns it up to a loan provider when required. Then the score is calculated and returned with the report if the lender also requests a Credit Score. It will be the duty of this lender to determine whether or perhaps not to approve your application for the loan.
17. Whom designed the credit rating systems provided by ICB?
ICB works together with CRIF Decision possibilities Ltd within the growth of fico scores. CRIF Decision possibilities Ltd developed the ICB CRIF 4 rating, the ICB CRIF 3 rating plus the ICB CRIF 2 rating. Continue reading →