Credit rating
A broad assessment of credit risk. For individuals the more common measures are a credit report and credit score; companies may also receive formal ratings.
Related terms
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Credit score
A numerical indicator used by a credit reference agency or lender to help assess the likelihood of repayment. Different organisations can produce different scores.
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Credit search
A check of credit information carried out by a lender, business or individual for an authorised purpose.
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Credit report
A record of borrowing, repayment history, public information and other data used to help assess creditworthiness.
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