Algorithm for explaining credit scores

Details Algorithm for explaining credit scores Algorithm for explaining credit scores

2011-08-16

2011-08-16

Milef, Elda (Department: 3694)

Data processing: financial, business practice, management, or co

Automated electrical financial or business practice or...

Finance

C705S035000

Reexamination Certificate

active

08001041

ABSTRACT:
An exemplary Web-based score explanation service typically requires only the credit bureau identifier, credit score, and up to four reason codes as input. The invention herein discloses an algorithm that is used to provide an explanation of the primary factors influencing the score, where a rich data feed is provided to the facility implementing the algorithm

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