Abstract:
Credit scores of individuals are utilized by banks and credit card firms. The banks and credit card score company extend loans to consumers on the basis of their individual credit scores. Consumers possess credit scores that might range from bad to outstanding.
The provision of funds to consumers is facilitated by bankers and credit companies based on their assessment of the consumer’s credit score. In this proposal, we provide an Android application designed to monitor and manage individuals’ credit scores. This software facilitates the provision of credit score information to consumers.
In order to complete the registration process, users are required to provide their personal information as well as their credit card and credit data. The system will furnish the user with credentials in order to gain access to the system. Users have the ability to access their personal information, including their credit data. In this study, a novel algorithm was employed to determine the creditworthiness of individuals.
The credit score will be determined by the system through the evaluation of many characteristics, including but not limited to the number of credit cards held, the length of time since the first credit card was obtained, the number of loans taken, the level of expenses, and the income level. The credit score will be computed with the aforementioned parameters.
The system will additionally exhibit the classification of the consumer credit score as bad, fair, good, or exceptional. This technique provides valuable assistance to consumers in acquiring knowledge about their credit score. The present system is a project that is both completely functional and designed with user-friendliness in mind.
Note: Please discuss with our team before submitting this abstract to the college. This Abstract or Synopsis varies based on student project requirements.
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