What is a credit scoring score?

A scoring score is a statistical assessment of the credit rating of a bank client. Tracing paper with an English “score” is a score.

Manually, no one evaluates a potential borrower. In the digital economy, a loan program is interviewed and calculated by a computer program. As a result of the machine processing “yes”, “no” and some number of entered numbers, the soulless device makes a sentence - to issue funds to the applicant or refusal according to the scoring score.

Definitions and concepts

From the first fifty credit financial institutions are developing their own neural networks and programs to determine the boundaries of customer loyalty.

KFU smaller use ready-made solutions of Russian and Western developers.

The scoring score for approval of the application is calculated by programs that are regularly updated following changes in laws and in the layout of socio-economic factors.

There are four professional approaches in the system:

1. "Application form." Through this type of assessment, users of banking services passed on first contact. Here passport data is collected; the presence of movable and immovable property; information on income and expenses; check for other loans. The program analyzes the entered information and states: to issue a loan or refuse a request.
2. "Financial behavior." The actions of the applicant in the field of banking operations with accounts and cards are checked. Based on statistical information, the program makes a conclusion about the solvency of the client and clarifies the parameters of the limits.
3. "Fraud". KFU believe that 9% of loans are involved in overt fraud. Protecting their own interests from non-repayment of borrowed funds, the potential recipient of the money is assessed for the likelihood of violating the Criminal Code of the Russian Federation.
4. "Friend is a collector." This is a method of determining the order of the KFU during the resuscitation of a "bad" loan. The range of events begins with a call from the bank and warning the debtor over the phone and ends with the transfer of the “forgetful” client to the collection agency. The effectiveness of the set of measures reaches 40% - according to unofficial statistics, it is precisely so many debtors that return busy finances after vigorous reminders.

Value range

The formal assessment of a citizen’s financial loyalty lies in the range of 250-999. Each office has developed its own graduation.

For example, the National Bureau of Credit Histories. The number 600 is the lower limit of trust. A bank that cooperates with the NBKI, having received a notification of a client SB 599 and below, will prefer to refuse a loan. However, if the SB exceeds 690, then there will be no difficulties in the design. In the range of 610-680, the following situations are possible: a decrease in the loan amount, terms of fulfillment, an increased rate, or in general instead of live notes, they will offer plastic.

Banks interacting with Equifax credit history company assess the confidence factor as follows: the lower limit of trust is 510; hassle-free financing - 831.

The range 511-830 will allow you to get a credit card or a minimum loan amount at an increased rate for the shortest possible time.

At what parameters will not fail

Age. From 23 to 55 years will provide debt money. Since this is a workable and relatively healthy period of life.

Education. Higher priority.

Place of residence The area not criminalized according to statistics.

Profession and position. They give a plus, since the specialist and manager are guaranteed earnings.

Income level. It should be shown not only the salary at the main place of work, but also the income from the side job. Even without formal employment.

Credit load. List openly all cash and plastic loans. The logic of the program sometimes works wonders: a person has three debts to bankers, but the applicant is not denied a fourth loan either.

Card operations. Show financial viability - make small purchases with a credit card. Carefully pay off the debt. Do not get involved in gambling with the calculation of plastic.

Credit history. Capacious exponential form. The scoring level from the review as a passing mark to the university.

Reasons for the low rating

In descending order of importance, the reasons are as follows:

1. For a month, more than one KFU request for loyalty of a potential borrower is fixed. Suppose a person after a refusal in a large bank went to a smaller institution, went through a dozen credit offices in a month. It looks very suspicious, an opinion is being formed that the client is refused for a reason. Regarding the situation, there is an example from the Security Council of the Russian Federation. There, “loan officers” in the event of a refusal of the requested amount are advised to make the next request no earlier than two months later.
2. Lack of relevant information on new loans. If the applicant does not have a year-old loan, this fact lowers the score. Sberkassa takes care of potential financial recipients and sends an SMS with an invitation to get a new loan. Although he sees that the man is still not even with the old.
3. Age, gender and marital status do not allow to satisfy the request. Gender boundaries are established on the basis of statistics on the life expectancy of men and women. Marital status “married” or “married” increases the rating. Lonely people with low grades are entitled to apply to MFIs.
4. The activity of receiving and using cards. To increase the indicator, one must either receive new cards, or strive to increase the limit for the current one. Sberbank, observing the activity of the issued card, the accuracy of the user in paying debts on it, will certainly increase the limit. For example, seven years ago, a card issued with a limit of 20 thousand rubles was regularly renewed, the limit increased to 85 thousand rubles.

Insurmountable barrier

The scoring point area is the interval of the client’s assessment of the risk of default and fraud. Success is determined by the zone. The colorful reports of the National Bureau of Credit Histories divide the allowable range of average values ​​into parts:

• Red 300-400.
• Orange 401-500.
• Yellow 501-620.
• Green 621-850.

A credit score is available in the green sector for loan approval.

But in general, for an interested person, red is similar to black.

The scale for KFU is divided into three segments: white, black and gray.

If the candidate parameter is located in the white sector, then it is likely to satisfy the need for finances in the requested amount and for the desired period.

Black segment means black scoring score. With a complete and final failure at the moment. But do not despair. In order to bring the software package to perfection, the developers allow the issuance of a minimum loan to the owners of a low rating.

Within the statistical error, up to 5% of applicants who fall into the black zone of a scoring ball are provided with credit. Banks are ready to risk the non-return of a small amount to clarify the strategy for calculating the pass mark and the mathematical model as a whole.

You will not foresee all life situations at once. Therefore, in the gray zone there is room for maneuver. If it is hard to refuse applicants, it increases the likelihood of a decrease in the client base. Which leads to a deterioration in the financial result of the work of KFU.

Find out your own ins and outs

The loan seeker is not protected from the technical error of the operator entering information about the client into the program, and from the failures of the program itself. At the wrong time, a person discovers that his story is not perfect in the eyes of the bank.It’s not easy to correct the form, it will take a fair amount of time, therefore it is useful to contact the history storage bureau once a year and receive a detailed report on financial relations with banks. Below is a way to find out your scoring score.

Internet Search Stages:

1. Find in the concluded contract or get the code of the subject of the credit history again. Getting a new KSKI is a paid procedure, about 300 rubles.
2. Through the website of the Central Bank, contact the Central Catalog of Credit Histories for information on the place of storage of information about the person under the specified KSKI. This place is called the Credit Bureau.
3. Contact the specified BCI for a report.

Repository of every step

According to the Central Bank of the Russian Federation website, 17 controlling companies operate in the country. Cities whose residents in the third stage can do without the Internet, but simply come with an identity card to the offices of the BCI and get the required report:

• Moscow - 6 companies;
• Rostov-on-Don - 3 offices;
• St. Petersburg - 2 organizations;
• Yoshkar-Ola and Kazan, Tolyatti and Kamyshin, Krasnoyarsk, Tyumen - 1 point each.

Three metropolitan companies provide an online service:

• National Bureau of Credit Histories, NBCH.
• Joint Credit Bureau, OKB; You need to register on the company’s website, create a personal account and enter personal data. This ends online, and the Russian Post enters the game: the provincials need to notify the notary of the activation of their personal account with a notary and send them by registered mail. Metropolitan applicants have the opportunity to personally deliver the application to the office of OKB. After checking the information in the application for e-mail, the answer will come - admission to the LC.
• Equifax

KFU verification services

You can find out the scoring score of Sberbank for 580 rubles. KFU will take upon itself all the hardships of exchanging requests and letters to receive a credit history report containing an access code to finance.

Raiffeisenbank does not provide such services, but it has a complete financial picture about customers. The borrower can use Section 8 of Law 218 and independently go through the chain of receipt of a report with an assessment of loyalty.

The loyalty of the client as a borrower of KFU is checked by looking at the results of its own program and bureau system with which the bank has an agreement.

How much is

On the territory of the country there is a law on credit histories. According to Article 8, the borrower has a reason to apply once at the place of storage once a calendar year and receive a report on his own history free of charge.

The number of requests is recorded in the bureau. The interests of the borrower are protected by the Federal Service for Financial Markets. If the office makes a demand to pay for the services of providing the first and only report, then the citizen has the right to complain in writing to the FSFM about the negligent service provider.

Requests for the year can be formed as many as you want. But the rule is this: for free - one. The remaining answers are provided for a fee of 300-700 rubles.

Retake

An unsatisfactory credit report upsets and destroys plans. A person is looking for how to increase a scoring score. The methods of change are different. The choice is determined by the parameters of the required loan.

By registering a marriage, acquire the status of a family person. When calculating the SB, 29 are added to family citizens, and only 9 to single citizens.

Change the district or region of residence to a safe one in terms of the criminal situation.

Get a credit card at the selected bank and make small purchases from it, paying off the debt in the grace period.

A probationary loan for 50 thousand rubles. Make a purchase, for example, of a washing machine, and pay off the debt without violating the payment schedule.

Tips experienced

It’s useful to take care of your billing reputation in advance.

1. Find out the current value of the loyalty parameter.
2. Request a report once a year.
3. Compare the current value with the previous number.With a sharp decrease in the loyalty parameter, apply for a credit history. Understand why the confidence rating fell. Take appropriate action.