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Contacted by Why is Credit Scoring Used??

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Jump to: Who Is Why is Credit Scoring Used?

Many times clients ask, ‘why is credit scoring used?’

Credit scoring is based on real data and statistics, so it usually is more reliable than subjective or judgmental methods. It treats all applicants objectively. Judgmental methods typically rely on criteria that are not systematically tested and can vary when applied by different individuals. In order to give credit to everyone a basic model is needed to determine credit reliability and credit worthiness by you, the consumer and debtor. Credit scores are very important to potential lenders because your credit score and credit report offer them a snapshot of your financial history and they use your credit score to help them determine whether or not you are a risky borrower. Your credit score helps to determine if you will be approved for a loan or line of credit and what type of interest rate you will receive on the loan.

From the people we’ve helped​

As of December, 2024

How our services work

You’ll get a fast response in minutes of calling. Your journey with us is designed to be easy and worry-free, ensuring you receive the support you need at every stage of the debt resolution process.

To get started, Call (866) 890-7337

First, reach out

Request a consultation online, send us an email, or give us a call. The first phone consultation is free!

Expert help you can trust

In the consultation, we’ll talk about your debt and find the best solution for you.

Save time & money

Our open door policy allows you to call worry free anytime you need us.

To get started, Call (866) 890-7337

Why people choose Tayne Law

A debt relief law firm

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Personalized
Program

Every situation is unique. We’ll work with you to find a solution that resolves your debt and frees up your cash flow.

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No-billing
Policy

You make one low monthly payment and will never get an unexpected bill.

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Experienced NY Debt Attorneys

We have more than 20+ years of experience providing clients with debt relief.

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Work with
Creditors

We work with all creditors, whether you’re dealing with a collections firm, a national bank, credit union, or another lender.

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Confidential &
Trusted

As a law firm, our attorneys follow strict client confidentiality. Our services are discrete and effective.

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Your initial phone consultation is free and requires no committment!
A team member will respond within 1 business day.

Request a Free Consultation

Your initial phone consultation is free and requires no committment!
A team member will respond within 1 business day.

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