Credit Score Definition
If you're wondering how credit scoring works with regard to equipment leasing, you're not alone. Credit Scoring is a complex combination of the organization's criteria and the financial health of a given leasing applicant.
A credit score from a leasing applicant is then compared to established standards to determine if they will be considered credit worthy to receive an equipment lease.
A credit score model is a combination of a lessor's experience with lessees and the lessee's structure, credit history, business size, transaction size, business type, business age, income, and debt levels.
The credit score is derived from past transactions and balance sheet numbers.
A credit score from a leasing applicant is then compared to established standards to determine if they will be considered credit worthy to receive an equipment lease.
A credit score model is a combination of a lessor's experience with lessees and the lessee's structure, credit history, business size, transaction size, business type, business age, income, and debt levels.
The credit score is derived from past transactions and balance sheet numbers.
