What Are Credit Scores Actually Designed to Do?

Credit scores have become a ubiquitous and valuable component of lending and borrowing.  They revolutionized underwriting by streamlining the process and permitting centralized lending, where a policy can be deployed with ease across a bank’s entire network of branches. 

But the one question that lenders that use scores, or consumers who are trying to improve theirs rarely asked is, “What is a credit score actually designed to do?”

Listen in to learn more.