Credit Score Model Clause Samples

Credit Score Model i. Credit Score 1. CPC has elected to use the FICO credit score model (as modeled by Fair ▇▇▇▇▇ Company) from its credit bureau partner(s) (TransUnion, Experian, or Equifax) as the primary credit score model used to categorize loans into Base Risk Grades from lowest risk to highest risk that Lending Club is willing to accept. 2. In addition to the Base Risk Grades, Lending Club will establish additional sub-grades within each Base Risk Grade using numbers 1 being the lowest risk (best sub-grade) up to the highest risk (worst sub- grade) as determined by CPC. WebBank Person-to-Person Credit Policy Page 3 3. Any credit score below the minimum acceptable score will be denied from being able to list the loan with Lending Club.