Credit-scoring systems tend to be valid over long periods of time (usually several years)and need not be periodically retested.

Question

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Credit-scoring systems should be periodically retested to ensure that they remain valid and relevant. Factors that affect creditworthiness may change over time, so the scoring system needs to be updated accordingly. Additionally, new data and technology may become available that could improve the accuracy of the system.

Credit-Scoring Systems Tend to Be Valid Over Long Periods of Time