Scoring

Credit Scoring Mark issued by Qatar Credit Bureau, is a standard reference tool in the field of credit as well as an objective tool to estimate the risk of customers.

The digital score list customers in order based on the credit report information for each customer as it is preserved in the Qatar Credit Bureau's database, also it enables lenders to assess risks clearly, hence it helps them achieve their strategic goals.

Product Overview

Credit Scoring Mark issued by Qatar Credit Bureau is an indicator to the possibility of  a customer's default over a period of time.

Credit Scoring Mark is ranged from 300-850 , where the largest number indicates a lower severity level.

The following table illustrates the credit scoring marks:

Predictive Characteristic Categories

The following pie chart shows the factors influencing credit scoring of individuals and the percentage of each factor:

Explanation of Credit Scoring factors:

1. 1-  Payment history (31% of your score)

1. This means whether you've paid your past credit facilities on time.

2. 2- Outstanding Debt (30% of your score)                                                                                                                                       The amount of outstanding balance and credit limit available for use.

1. 3- Length of credit history (10% of your score)

2. The duration you've had these credit facilities accounts.  

3. 1. 4- Credit mix (7% of your scores)

   2. This factor demonstrates your commitment towards your financial responsibilities by making payments to a variety of your credit facilities (installment loans, overdraft, credit cards) on the specified dates.

   1. 5- New credit (2% of your score)

   2. This factor refers to the frequency of your credit report inquires for the purpose of granting new credit facility. Also, it refers to the number of recently opened credit facilities.

   3. 1. 6- Demographic (7% of your score)

      2. Your age compared to that of other individuals who were scored.

         1. 7- Dishonored Check (10% of your score)

         Number of dishonored checks due to insufficient balance and how recent these checks are.