Which of the following is not likely to be a characteristic of a numerical credit scoring system?
A) Is used to prescreen credit applications
B) Analyzes financial ratios to determine credit
C) Is less subjective than using individual loan officers
D) Is most appropriate for consumer loans

Question

Quizplus · Accepted Answer

Numerical credit scoring systems typically use statistical models and historical data to assess creditworthiness, rather than analyzing financial ratios, which is more common in traditional credit analysis for businesses.

Which of the Following Is Not Likely to Be a Characteristic