People tend to be confused about how lenders use credit scores and how individuals can most effectively manage their own scores. Plus, the name itself, credit scores, is confusing. In the U.S., scores tend to be final judgments. It’s the score you got on a math test, or the score your football team got. They’re final and absolute.

In the world of analytics, a risk score is more like a snapshot. It’s isn’t a final judgment because the underlying basis for the score is constantly changing. That’s true whether you’re talking about a credit risk score like the FICO score, or other types of analytic scores that might be assessing someone’s future behavior based on how what they’ve put on a credit application – called an application score—or how they’ve managed their account, called a behavior score.

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For more information on this and other real estate matters, your first source for Palm Beach real estate should be licensed agent and long-time resident Caesar Parisi.

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