A credit bank is a bank that provides for credit cards, and loans. They do not offer bank accounts beyond a security deposit for a secured credit card. All banks must follow the rules regarding credit scores. There is a base rate, and an adjustment. The lower the credit score, the higher the adjustment. This allows customers to shop around and look for banks with the best base rate as they will know that the adjustment will always be the same.
The Kaldan National Bank defines credit scores based on the payment behavior with the customer. This includes not only paying off other cards, and loans, but their rent is included, and any utilities in their name is included. This is because the person/comapny receiving the funds on a subscription service (such as rent or utilities) must report the payment whether early, on time, or late. The quicker the customer pays a subscription bill, the higher the credit rating will go. In those instances where the payment comes out automatically, all successful payments are considered as on-time. This allows a person that can balance his budget to show that they make good decisions when it comes to money, and that should be rewarded with a higher credit score. There will be other factors to determine credit worthiness, but on-time payments is the most important one.
Credit scores will range from 0 – 1000. New adults will get a default rate of 500, and it will be up to them to either make good payments, and increase their score, or fall behind on paying their dues and reduce their credit score. Adjustment can range from 0% – 10%. Since there is only one credit score, there is no gaming the system. Do right financially and see an increase. Nothing to game.