Krediidiskoori

Krediidiskoori, which translates from Estonian as “credit score,” is a numerical representation of an individual’s creditworthiness. It is typically calculated by credit bureaus using data such as payment history, outstanding debt, length of credit history, new credit inquiries, and the types of credit accounts held. The resulting score is used by lenders, landlords, insurance companies, and sometimes employers to assess the risk of extending credit or entering into contractual relationships with the individual.

In Estonia, credit scores are maintained by regulated credit information agencies that collect data from banks, financial institutions, and public registries. The score is normally expressed as a three‑digit number, with higher values indicating lower credit risk. Common scoring models, such as the FICO or VantageScore systems used in other jurisdictions, have been adapted for the Estonian market to accommodate local banking practices and legal frameworks. Under the European Union’s General Data Protection Regulation (GDPR), individuals have the right to access their own credit data, request corrections, and understand the factors that influence their score.

A high kreditidiskoori can result in more favorable interest rates, larger loan amounts, and easier approval processes. Conversely, a low score may restrict access to credit products, lead to higher borrowing costs, or affect other financial decisions. Credit score calculations are not immutable; responsible use of credit, timely repayment, and reducing debt can improve an individual’s score over time. Nonetheless, credit scores can be influenced by external factors such as economic downturns or changes in lending standards, and they do not always predict future behavior with certainty.