A Bureau Score is a credit score which is calculated only upon the information held at a credit reference agency. Another term for a credit reference agency is a credit ‘bureau’, and this is where the name has come from.
Bureau Scores are used mostly by new lenders to the financial marketplace, who do not have a large sample of established accounts to use to measure the predictiveness of different parts of an application form in terms of which can indicate a good or bad account.
They are not so powerful as a credit score that has been developed from a large sample of accounts, but Bureaus Scores are much more powerful than subjective judgement (i.e. a credit professional assessing an application manually).
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