Credit scoring - part of modern lending

The world of finance would not exist without loans. Major purchases, in particular, such as a car or a house can often only be financed through a bank loan. Credit scores use statistical techniques to evaluate a customer's creditworthiness objectively and reliably. This benefits customers, since it allows applications for credit - even from new customers - to be processed swiftly and easily and loans to be offered at favourable rates.

The association's booklet " Credit Scoring - Part of modern lending" explains how credit scoring works, what data is used in credit scoring, how important individual items of information are and what customers can do to improve their score.