3.117- What are the Credit score evaluation methods • FTC Red Flag rules, 16 CFR Part 681 ?

FICO score is a renowned credit scoring models. Lenders employ such methods when risk- predicated pricing is involved. The terms of the loan under consideration depends on how probable it is that the lender will be paid back by the borrower. FICO Score 2,4 and 5 are other devices that can be made use of however now we will move onto the FTC Red Flag Rules distinctively 16 CFR Part 681.

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