CREDIT REPORTING ASSESSMENT: A STATISTICAL ANALYSIS

The widespread acceptance of credit as a legitimate method of payment for goods and services has resulted in the adoption of credit reporting and credit scoring as standard ways of assessing a potential consumer's credit worthiness. Although Credit Reporting Agencies (CRA) do not release the actual methodologies of scoring or reporting, the criteria on which they base their reports is now being made public to help consumers understand the reasons behind the CRA 's ratings and assessment. This paper is a study of Statistical Assessment of Credit Reporting and Scoring.