FinScore FinScore

Scoring is a special mathematical-statistical model, based on statistical methods, launched by the Azerbaijan Credit Bureau (Bureau) in order to contribute to increase financial inclusion by supporting the determination of borrowers' ability to repay loans and financial discipline.


When using the "FinScore" service, in addition to the person's current score, it is possible to obtain the 4 main criteria that most influence the formation of the score, as well as the person's last 12-month score history.


The service was developed by the Bureau in cooperation with the Turkish Credit Registration Bureau (KKB). The predictive power of the model is quite high (Gini coefficient - 72.2). In international practice, the Gini coefficient of 70+ is considered the highest indicator in credit bureau scores.


The scoring model performs the study of the borrower's behavior based on the analysis of the data collected on the subjects of credit history in the Bureau and assigns individual ratings based on the obtained results, and the score scale is evaluated between 1-1000. The higher the borrower's score, the higher the probability of repaying the loan on time.


The scoring system has several advantages for both borrowers and financial institutions.


For financial institutions:

1. More accurate assessment of credit risks;

2. To make faster and dynamic decisions;

3. Ensuring further availability of credit conditions;

4. More precise determination of the credit limit;

5. More accurate determination of the borrower's ability to pay.


For borrowers:

1. The possibility of obtaining low interest rates on credit cards and loans;

2. Objective treatment of borrowers (those with the same details receive the same score);

3. Obtaining a loan in a shorter time and with fewer documents;

4. Increasing your credit or credit card limit faster.


During the calculation of the score, the data collected in the following categories are involved:

1. Payment history and behavioral performance of the borrower in previous periods;

2. Currently active loans and behavior related to their payment;

3. Length of credit history and compliance with procedures set by financial institutions;

4. Types of loans in the credit history and their purpose;

5. Revolving loans and behavioral performance on them;

6. Demographic information of the borrower.


Borrowers should be guided by the above-mentioned categories to get a better credit score.