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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 $550-million deal is for 36 Yak-130 aircraft, according to an unidentified source close to Russia's Rosoboronexport state arms trader.Asked about the report, Russian Middle East envoy and Deputy Foreign Minister Mikhail Bogdanov said he was not up-to-date on the issue but insisted that Russia is not violating any international conventions."There are no kinds of international sanctions on this count. When sanctions were taken regarding Libya, we fully observed them," he said, according to state news agency RIA Novosti.Russia has been a strong ally of Syria since Soviet times, when the country was led by the president's father, Hafez Assad. It has supplied Syria with aircraft, missiles, tanks and other modern weapons."No one can doubt the strength of Syria's relationship with Russia," al-Moallem said Tuesday, confident that Moscow will use its veto power at the Security Council to protect Damascus. "International intervention in Syria is a red line for Russia
the rescue after intelligence indicated Buchanan's health was failing, according to a senior administration official who was not authorized to speak publicly. A Danish Refugee Council official said Buchanan was "not that ill" but needed medicine.The family reported that her health is good, Meyer said. Relatives did not immediately comment.The family had asked people at the school to keep quiet about the case while authorities tried to negotiate Buchanan's release, Meyer said. Now, he said, the school wants to offer its "deep gratitude" to the people who worked to free her.Buchanan was an elementary education major at Valley Forge Christian, which has about 1,100 students, and had done a student teaching stint at Rosslyn Academy in Nairobi as part of her course work, Meyer said."She fell in love with Africa," he said. "She could hardly talk about Africa without tears in her eyes."Minutes after giving his State of the Union address to Congress, Obama was on th
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