"E-Mongolia Academy" a state-owned enterprise and "Titan CRA" LLC, the Sainscore credit database, have digitized the credit score.
Regardless of the bank you borrow from, you can now analyze the credit database and obtain a score for everyone, ranging from 300 to 800 points. Now that everyone has a credit score, there is no more blacklisting. So, how is my score measured?
Having a credit score will be visible to both borrowers and the financial sector, eliminating the need for credit inquiries. Instead, the loan amount will be determined based on the credit score.
The FICO score is a risk assessment methodology that quantifies the likelihood of a borrower repaying a loan. The FICO score is the internationally recognized and most commonly used credit scoring model, with a range from 300 to 850, representing the borrower’s risk.
The higher the score, the better the borrower or the lower the risk.
To access this service, you can log in to the "E-Mongolia" system with your account and search for the service "Credit Score Inquiry (FICO Score)" in the search field.
Here is the service link: https://e-mongolia.mn/service/zeeliin-onoony-lavlagaa-(fico-score)
