Credit Score Clause Samples
The Credit Score clause establishes requirements or conditions based on a party's creditworthiness, typically measured by a recognized credit rating or score. In practice, this clause may require a party to maintain a minimum credit score or rating throughout the term of an agreement, or it may trigger certain rights or obligations if the score falls below a specified threshold. Its core function is to manage financial risk by ensuring that parties remain creditworthy, thereby protecting the other party from potential default or financial instability.
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Credit Score. The weighted average (based on Contract principal balance) of the Final Scores of each "Contract Group" is 630 or greater. A "Contract Group" is a group of Contracts related to a group of Dealer Loans that becomes Contributed Property on the Closing Date or on a particular Distribution Date during the Revolving Period.
Credit Score of Mortgage Pool by Aggregate Aggregate Weighted Weighted Weighted Number Cut-off Cut-off Average Average Average of Date Date Gross Remaining Comb Mortgage Principal Principal Interest Term Original Credit Score Loans Balance ($) Balance Rate (%) (months) LTV ------------------------------------------------------------------------------------------------------------------------------------ NA 95 11,970,358 0.77 7.972 354 73.49 500 - 524 885 146,451,659 9.46 8.183 355 73.11 525 - 549 1,040 167,428,850 10.81 7.930 355 72.74 550 - 574 973 165,115,035 10.66 7.583 355 74.21 575 - 599 1,111 195,899,890 12.65 7.214 354 76.39 600 - 624 1,578 264,244,724 17.07 7.043 354 78.88 625 - 649 1,310 236,374,763 15.27 6.863 353 78.77 650 - 674 883 165,798,001 10.71 6.724 353 80.08 675 - 699 442 83,958,211 5.42 6.744 353 81.33 700 - 724 280 55,226,974 3.57 6.807 354 81.47 725 - 749 170 32,182,963 2.08 6.743 356 80.91 750 - 774 81 17,426,867 1.13 6.513 355 80.15 775 - 799 28 5,436,270 0.35 6.352 356 78.09 800 + 3 780,365 0.05 5.526 342 70.70 ------------------------------------------------------------------------------------------------------------------------------------ Total: 8,879 1,548,294,930 100.00 7.232 354 77.20 ------------------------------------------------------------------------------------------------------------------------------------ Non-Zero Minimum: 500 Maximum: 806 Non-Zero Weighted Average: 608
Credit Score. If you have an active lending relationship with us, you can view your FICO®4 credit risk score (your “FICO Score”) via Online Services. The score is created by Fair ▇▇▇▇▇ Corporation (now legally known as “FICO”), one of the nation’s primary credit-scoring companies. Most lenders use FICO scores to make lending decisions. Information provided by FICO does not necessarily reflect the views of the Credit Union. We make your FICO Score available to you for your own non-commercial, personal review and benefit. Your FICO Score is not impacted at all by our making the score available to you. The Credit Union and FICO do not provide “credit repair services” and are not “credit repair organizations” as these terms are defined under federal or state law, including the Credit Repair Organizations Act. FICO does not provide advice or assistance regarding "rebuilding" or "improving" your credit record, credit history or credit rating. Changes in your FICO Score could indicate a problem with your credit report; thus, if you note significant changes in your FICO Score you may wish to obtain and review a copy of your credit report.
Credit Score. Credit Score is a composite numerical score scaled from 0-100 as calculated by PJMSettlement that incorporates various predictors of creditworthiness.
Credit Score of Morgage Aggregate Pool by Avg Weighted Weighted Number Cut-off Aggregate Mortgage Average Average of Date Cut-off
Credit Score. Each Mortgage Loan has a valid and original credit score, with a minimum credit score as set forth in the related Mortgage Loan Schedule;
Credit Score. Factor Codes
Credit Score of Mortgage Pool by Aggregate Aggregate Weighted Weighted Number Cut-off Cut-off Average Average Weighted Weighted of Date Date Gross Remaining Average Average Mortgage Principal Principal Interest Term Original FICO Credit Score Loans Balance ($) Balance Rate (%) (months) LTV Score ---------------------------------------------------------------------------------------------------------------------------- 500 - 524 126 16,867,843 3.97 8.437 355 74.39 515 ---------------------------------------------------------------------------------------------------------------------------- 525 - 549 350 51,277,169 12.08 8.26 356 75.95 537 ---------------------------------------------------------------------------------------------------------------------------- 550 - 574 431 63,981,023 15.07 8.422 353 80.05 562 ---------------------------------------------------------------------------------------------------------------------------- 575 - 599 392 58,170,644 13.7 7.981 351 78.42 587 ---------------------------------------------------------------------------------------------------------------------------- 600 - 624 434 63,811,576 15.03 7.603 351 80.28 612 ---------------------------------------------------------------------------------------------------------------------------- 625 - 649 509 77,944,484 18.36 7.453 348 79.73 637 ---------------------------------------------------------------------------------------------------------------------------- 650 - 674 344 49,463,550 11.65 7.323 350 78.9 660 ---------------------------------------------------------------------------------------------------------------------------- 675 - 699 147 22,980,284 5.41 7.355 356 81.37 686 ---------------------------------------------------------------------------------------------------------------------------- 700 - 724 72 11,905,800 2.8 7.298 357 81.54 711 ---------------------------------------------------------------------------------------------------------------------------- 725 - 749 41 6,801,088 1.6 7.19 354 80.55 736 ---------------------------------------------------------------------------------------------------------------------------- 750 - 774 6 923,872 0.22 6.539 356 66.7 759 ---------------------------------------------------------------------------------------------------------------------------- 775 - 799 1 261,767 0.06 6.375 357 75 793 ---------------------------------------------------------------------------------------------------------------------------- 800 + 1 ...
Credit Score. As a feature of your digital banking account, we will provide you with your credit score and report. This is a soft pull and will not affect your credit score.
Credit Score. The eligible borrower’s FICO Score will determine the interest rate and fee charged on the loan as follows: * Origination fee calculated as a percent of loan amount Eligible borrowers with an Experian-Fair ▇▇▇▇▇ Score Code of 9002 or 9003 will be priced as if part of Tier 6 (“No Credit Score”). The origination fee will be credited in full to the borrower if an entire disbursement is refunded within 60 days of the disbursement date. Notwithstanding the rates and fees set forth in the table above, the annual percentage rate, including the capitalized origination fee, on any loan will not exceed eighteen percent (18%) over the term of the loan, or such other limit under applicable law that may be in effect from time to time.