What is a credit scoring model? Credit scoring models are statistical analysis used by credit bureaus that evaluate your worthiness to receive credit. Lenders use credit scores to help determine the risk involved in making a loan, the terms of the loan and the interest rate. What are the 3 types of credit scores? Each […]
What makes academic writing academic?
What makes academic writing academic? Academic writing is clear, concise, focussed, structured and backed up by evidence. Its purpose is to aid the reader’s understanding. It has a formal tone and style, but it is not complex and does not require the use of long sentences and complicated vocabulary. Why is academic writing is important? […]
Is banning smoking a good idea?
Is banning smoking a good idea? Banning Smoking In Public Places And Workplaces Is Good For The Heart, Study Finds. “Public smoking bans seem to be tremendously effective in reducing heart attack and, theoretically, might also help to prevent lung cancer and emphysema, diseases that develop much more slowly than heart attacks. Why should smoking […]
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How does television affect our lives?
How does television affect our lives? Through TV we perceive the glamorous life of people and believe that they are better off than we are. Television contributes to our education and knowledge. Documentaries and information programs give us insight on nature, our environment and political events. Television has a huge impact on politics. How is […]
How do you know if a source is objective?
How do you know if a source is objective? A source is objective if it provides both sides of an argument or more than one viewpoint. Although you can use sources that do not provide more than one viewpoint, you need to balance them with sources that provide other viewpoints. What are evaluation factors? Evaluation […]
How does new credit affect a score?
How does new credit affect a score? Opening new credit lowers the average age of your total accounts. This, in effect, lowers your length of credit history and subsequently, your credit score. New credit, once used, will increase the “amounts owed” factor of your credit score. Is 600 a good credit score to buy a […]
What did Einstein prove in his 1905 paper?
What did Einstein prove in his 1905 paper? In 1905, Albert Einstein determined that the laws of physics are the same for all non-accelerating observers, and that the speed of light in a vacuum was independent of the motion of all observers. This was the theory of special relativity. Why was 1905 a wonderful year […]
What is the algorithm for credit score?
What is the algorithm for credit score? FICO Scores are calculated using many different pieces of credit data in your credit report. This data is grouped into five categories: payment history (35%), amounts owed (30%), length of credit history (15%), new credit (10%) and credit mix (10%). How do you build a credit score model? […]
What is the credit scoring system?
What is the credit scoring system? A credit scoring system allows lenders and other financial institutions to determine the creditworthiness of an individual. FICO’s scoring system assigns a numerical representation of creditworthiness that ranges from 300 to 850. The higher the number, the higher the individual’s credit score. What is the most common credit scoring […]