How does one calculate the Bankruptcy Risk Score?
Does anyone know the formula and variables that go into the Bankruptcy Risk Score? This is different than a credit score, and banks use this formula to figure out one’s risk of bankruptcy.
Does anyone know the formula and variables that go into the Bankruptcy Risk Score? This is different than a credit score, and banks use this formula to figure out one’s risk of bankruptcy.
Fair Isaac has not disclosed its formula, so nobody really knows what the formula is.
Credit reporting agencies claim that the same things that affect your credit score, affect your bankruptcy risk score (percentage of available credit used, length of credit history, etc.).