The Primary Benefit from Credit Scoring Is That Credit Lenders

question 76

True/False

The primary benefit from credit scoring is that credit lenders can more accurately predict a borrower's performance without having to use more resources.

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Definitions:

Master Application

A comprehensive or principal application often used to manage or merge information across various platforms or systems.

Employers' Application Forms

Documents used by employers to gather detailed information from job applicants, including their qualifications, experience, and references.

Merit Raise

An increase in salary based on an employee's performance as assessed through a review process by their employer.

Recognition

The act of identifying someone or something from previous encounters or knowledge, often accompanied by appreciation or acknowledgment.