7-1 If I am having a doubt about my JCIC Credit Score, what can I do?
First, apply for your Comprehensive Credit Report with an additional inquiry about the JCIC Credit Score. For those who get "no credit score", "fixed score" or a score indicates poor credit, some primary reasons will be given. If there is any inaccurate or incomplete information, please contact the reporting financial institution regarding the error so they can report corrections. If you'd like to submit a dispute, you can contact our service center for advice. You can even add a notation, if necessary, indicating that the credit information is in dispute, and your credit score will become "no credit score" temporarily.
7-2 How can I get rejected with good JCIC Credit Score?
The JCIC Credit Score is provided for member institutions as a reference. But it is not the only basis for approving or rejecting a financial dealing. Lenders might and should also gather all sorts of credit references (such as positive data, application data), and make decisions based on their internal policies.
7-3 Why my JCIC Credit Score are different from the banks' internal scores?
It's normal for scores to differ, since the samples used in model building are different, and the factors used in calculating credit score might also be different. After all, banks mainly focus on their customers, while the JCIC faces everyone in Taiwan. As a result, the JCIC Credit Score cannot be the only basis for approving or rejecting a financial dealing. Lenders should gather all sorts of credit references (such as positive data, application data), and make decisions based on their internal policies.
7-4 What does the JCIC have to offer to improve public understanding of credit score?
The JCIC collects personal and business credit information from financial institutions. Based on these data, we have developed the JCIC Credit Score that can increase the consistency and objectivity of credit evaluation by providing a risk-ranking result. Please access our official web site (www.jcic.org.tw), and learn more about the JCIC Credit Score.