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In the United States, a credit score is a number based on a statistical analysis of a person's credit files, that in theory represents the creditworthiness of that person, which is the likelihood that people will pay their bills. A credit score is primarily based on credit report information, typically from one of the three major credit bureaus: Experian, TransUnion, and Equifax. Income is not considered by the major credit bureaus when calculating a credit score. There are different methods of calculating credit scores. FICO, the most widely known type of credit score, is a credit score developed by FICO, previously known as Fair Isaac Corporation. It is used by many mortgage lenders that use a risk-based system to determine the possibility that the borrower may default on financial obligations to the mortgage lender. All credit scores have to be subject to availability. The credit bureaus all have their own credit scores: Equifax's ScorePower, Experian's PLUS score, and TransUnion's credit score, and each also sells the VantageScore credit score. In addition, many large lenders, including the major credit card issuers, have developed their own proprietary scoring models. Studies have shown scores to be predictive of risk in the underwriting of both credit and insurance.[15][16][17] Some studies even suggest that most consumers are the beneficiaries of lower credit costs and insurance premiums due to the use of credit scores.[16][18] New credit scores have been developed in the last decade by companies such as Scorelogix, PRBC, L2C, Innovis etc. which do not use bureau data to predict creditworthiness. Scorelogix's JSS Credit Score uses a different set of risk factors, such as the borrower's job stability, income, income sufficiency, and impact of economy, in predicting credit risk, and the use of such alternative credit scores is on the rise. These new breed of credit scores are often combined with FICO or bureau scores to improve the accuracy of predictions. Most lenders today use some combination of bureau scores and alternative credit scores to develop a better insight into their borrower's ability to pay. It is widely recognized that FICO is measure of past ability to pay and that's why new credit scores that focus more on future ability to pay are being deployed to enhance credit risk models. L2C offers an alternative credit score that uses utilities payment histories to determine creditworthiness and many lenders use this score in addition to bureau scores to make lending decisions. Many lenders use Scorelogix's JSS score in addition to bureau scores since the JSS score factors job and income stability to determine if the borrower will have the ability to repay debt in the future. It is estimated that FICO score will remain the dominant score but in all likelihood it will always be used in conjunction with other alternative credit scores which offer new layers of risk insights.
the report investigating allegations of abuse dating back to 1945.The commission received some 1,800 complaints of abuse at Catholic schools, seminaries and orphanages and said that the institutions suffered from "a failure of oversight." It then conducted the broader survey of the general population for a more comprehensive analysis of the scale and nature of sexual abuse of minors -- both in the church and elsewhere.Based on a survey among more than 34,000 people, the commission estimated that one in 10 Dutch children suffered some form of abuse broadly in society. The number doubled to 20 percent of children who spent part of their youth in an institution like an orphanage or boarding school -- whether Catholic or not.The commission was set up last year under the leadership of former government minister Wim Deetman, who said there could be no doubt church leaders knew of the problem."The idea that people did not know there was a risk ... is untenable," he s
aid.Deetman said abuse continued in part because the Catholic church in the Netherlands was splintered, so bishops and religious orders sometimes worked autonomously to deal with abuse and "did not hang out their dirty laundry."However, he said the commission concluded that "it is wrong to talk of a culture of silence" by the church as a whole.Bert Smeets, an abuse victim who attended the presentation of the report, said it did not go far enough in investigating and outlining in precise detail exactly what happened."What was happening was sexual abuse, violence, spiritual terror, and that should have been investigated," Smeets told The Associated Press. "It remains vague. All sorts of things happened, but nobody knows exactly what or by whom. This way they avoid responsibility."Archbishop Eijk said victims would be compensated by a commission the Dutch church set up last month and which has a scale starting at euro5,000 ($6,500) and rising to a maximum of euro
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