Credit scoring companies Vs. Credit bureaus/Credit information companies both are separate concepts altogether.
In 1956, Bill fair and Earl Isaac formed FICO (Fair Isaac corporation), a very first company that provide credit score in the range of 300-850 which is mathematical algorithm/Statistical formula applied on a set of data to ascertain how likely the borrower will default on the loan (Also called credit worthiness risk). Around 90% of the world's credit scores are given by FICO and its main competitor is Vantage Score (Formed by three largest credit bureaus namely Transunion, Equifax and Experian).
In this video, You will learn complete history of credit scoring model in the world and method of operations by Banks, credit bureaus and credit scoring companies. Further, Key differences between FICO score and Vantage score are also explained in this video.
Along with this, We have explained history of various credit bureaus like Transunion, CIBIL, Equifax, Experian, CRIF, Highmark etc. in detail.
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क्रेडिट स्कोरिंग कंपनियां बनाम। क्रेडिट ब्यूरो/क्रेडिट सूचना कंपनियां दोनों पूरी तरह से अलग अवधारणाएं हैं।
1956 में, बिल फेयर और अर्ल इसाक ने FICO (फेयर आइजैक कॉर्पोरेशन) का गठन किया, जो एक बहुत पहली कंपनी है जो 300-850 की सीमा में क्रेडिट स्कोर प्रदान करती है जो कि गणितीय एल्गोरिथम / सांख्यिकीय सूत्र है जो यह पता लगाने के लिए डेटा के एक सेट पर लागू होता है कि उधारकर्ता की कितनी संभावना है ऋण पर चूक करेगा (इसे क्रेडिट योग्यता जोखिम भी कहा जाता है)। दुनिया के लगभग 90% क्रेडिट स्कोर FICO द्वारा दिए गए हैं और इसका मुख्य प्रतियोगी वैंटेज स्कोर है (तीन सबसे बड़े क्रेडिट ब्यूरो जैसे ट्रांसयूनियन, इक्विफैक्स और एक्सपेरियन द्वारा गठित)।
इस वीडियो में, आप दुनिया में क्रेडिट स्कोरिंग मॉडल का पूरा इतिहास और बैंकों, क्रेडिट ब्यूरो और क्रेडिट स्कोरिंग कंपनियों के संचालन के तरीके के बारे में जानेंगे। इसके अलावा, इस वीडियो में FICO स्कोर और सहूलियत स्कोर के बीच महत्वपूर्ण अंतर को भी समझाया गया है।
इसके साथ ही, हमने ट्रांसयूनियन, सिबिल, इक्विफैक्स, एक्सपेरियन, सीआरआईएफ, हाईमार्क आदि जैसे विभिन्न क्रेडिट ब्यूरो के इतिहास के बारे में विस्तार से बताया है।
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What is #CIBIL score? Is it different from #credit score? How can you calculate it?
In this video, I will share with you the importance of having a good credit history, and how you can build a good credit score even if you are a student, and how it will help you going ahead.
Along with this, we will also talk about the right mix of #loans, your credit worthiness, and more than anything else, how to manage your finances for a good CIBIL score.
If you have any questions that were not answered, feel free to ask in the comments section below!
What is the concept of CIBIL score?
How to understand your CIBIL score and credit report?
Why maintaining CIBIL score is important?
How you can maintain a good CIBIL score?
Why banks check CIBIL score of individuals before approval of any loan?
How banks check the credit worthiness of individuals and businesses?
What is the range of CIBIL score and what is the ideal CIBIL score for individuals and businesses?
Why Indian banks and financial institutions share their credit data with CIBIL?
What is Transunion CIBIL?
How you can check your CIBIL score from CIBIL website?
What is the meaning of different percentages of CIBIL score?
Which factors affect the CIBIL score?
What are the benefits of the good CIBIL score?
What is the downside of the lower CIBIL score?
What range of CIBIL score or credit is considered good?
How a bad credit score can affect your capacity of getting a loan or credit?
Why your credit report or CIBIL score is showing NA or NH?
How maintaining a good credit score can help you in getting a credit card or any loan?
Why transunion CIBIL maintains credit record of individuals and businesses who have taken loan or credit in India?
Негізгі бет Lecture 70: History of Credit/CIBIL score and Credit bureaus, Difference in FICO and Vantage score.
Пікірлер: 30