Credit Score definition

Credit Score means a composite numerical score scaled from 0-100 as calculated by PJMSettlement that incorporates various predictors of creditworthiness.

Split View

AI-Powered Contracts

Draft, Review & Redline at the Speed of AI

Get StartedSchedule a Demo

Credit Score. With respect to any Mortgage Loan, a numerical assessment of default risk with respect to the Mortgagor under such Mortgage Loan, determined on the basis of a methodology developed by Fair, ▇▇▇▇▇ & Co., Inc.

Credit Score. For each Mortgage Loan, (a) if two credit scores were obtained at origination, the lowest score of the two, and (b) if three scores were obtained at origination, the middle of the three. When there is more than one applicant, the lowest of the applicants’ Credit Scores will be used. There is only one (1) score for any Mortgage Loan regardless of the number of borrowers and/or applicants.

Examples of Credit Score in a sentence

• Amount of Funds Available: $ Price Range: $ Are funds readily available: Yes / No If No, Explain: Do you have a funding source: Yes / No How would you rate your credit / Credit Score: Yearly Income Required: $ Hours willing to work per week: hours How Far Will You Travel: miles Will you have a Partner: Yes / No / If Needed Types of Business / Industries Interested In: 1.

• You can view Your VantageScore Credit Score and My Credit as frequently as You would like without impact to Your credit score.

• Business Credit Score: Dun & ▇▇▇▇▇▇▇▇▇▇ rating of 85 (out of 100), reflecting excellent creditworthiness and timely payment practices.

• These features show how these changes may impact the credit score displayed on My Credit, which is the VantageScore Credit Score.

• The credit score provided is Your VantageScore Credit Score, which is a model created by the three major credit bureaus: Equifax, Experian, and TransUnion.

More Definitions of Credit Score

Credit Score. The credit score for each Mortgage Loan shall be the minimum of two credit bureau scores obtained at origination or such other time by the Seller. If two credit bureau scores are obtained, the Credit Score will be the lower score. If three credit bureau scores are obtained, the Credit Score will be the middle of the three. When there is more than one applicant, the lowest of the applicants' Credit Scores will be used. There is only one (1) score for any loan regardless of the number of borrowers and/or applicants.

Credit Score means the lowest average credit score of all borrowers on a mortgage insurance application. Average credit scores are calculated by averaging the score obtained from both Equifax and TransUnion for each borrower on the application. This is a key measure of household financial health.

Credit Score means a mortgagor's overall consumer credit rating, represented by a single numeric credit score using the Fair, ▇▇▇▇▇ consumer credit scoring system, provided by a credit repository acceptable to Lender and the Investor that issued the Purchase Commitment covering the related Mortgage Loan (if a Purchase Commitment is required by Exhibit H).

Credit Score means a measure of creditworthiness derived from summarising and expressing data based only on a pre-established statistical system or model, without any additional substantial rating-specific analytical input from a rating analyst;

Credit Score means a credit risk score as defined by the

Credit Score means an attempted numerical quantification of a person's creditworthiness or credit history.

Credit Score. With respect to any Mortgage Loan, the credit score of the related Mortgagor provided by Fair, ▇▇▇▇▇ & Company, Inc. or such other organization acceptable to the Initial Purchaser providing credit scores at the time of the origination of such Mortgage Loan. If two credit scores are obtained, the Credit Score shall be the lower of the two credit scores. If three credit scores are obtained, the Credit Score shall be the middle of the three credit scores.