Credit Score
信貸評分
What is a credit score?
A credit score is a numerical expression representing the “credit risk” (also known as the probability of default) of consumers. It is one of the factors used by credit providers for approving credit applications. NOVA credit score ranges from 300 to 800. The higher the credit score, the lower the “credit risk”.
How is the credit score calculated?
Credit score is developed with sophisticated statistical model and calculated based on information from 5 major categories in a credit report, including: Payment History, Debt Burden, New Account and General / Enquiry Records.
All Rounded Credit Data Considered
Developed with sophisticated statistical model and calculated based on information of credit report including 5 major categories: Payment History, Debt Burden, New Account and General / Enquiry Records.
Credit Score | Repayment Probability* |
711 or above | 99.86% – 100% |
690 – 710 | 99.71% – 99.85% |
655 – 689 | 99.02% – 99.70% |
650 – 654 | 98.84% – 99.01% |
636 – 649 | 98.12% – 98.83% |
625 – 635 | 97.27% – 98.11% |
605 – 624 | 94.69% – 97.26% |
581 – 604 | 88.59% – 94.68% |
371 – 580 | 0.53% – 88.58% |
300 – 370 | 0.00% – 0.52% |
*Probability to make payment within 90 days from the due date in the next 12 months.
Payment History
Debt Burden
New Account
General Enquiry Records
Credit Mix
Is it important to check my credit score regularly?
Any inaccurate data on your credit report or fraudulent activities, such as identity theft may cause your credit score vary in a short period. This may impact your credit application or even direct financial loss. It is advisable to regularly check your credit score.