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Course: What is credit?

8 minute read

Equifax

This company also issues several different scores based on varying factors. Scoring systems include:

Payment Index Score
(0–100)

A good score is 90 or more points.

Credit Risk Score
(101–992)

Businesses with a higher score are considered less likely to be delinquent on payments.

Business Failure Score
(1,001–1,875)

Lower scores equal higher risk for bankruptcy.