Sesame Credit Score was introduced to the public by Sesame Credit Management Co. Ltd. of Ali's Ant Gold Services Group, and is the first personal credit score in China. With the support of big data and cloud computing technology, the corresponding score is obtained from five dimensions, including the user's credit history and behavioral preferences. The score ranges from 300-950. Depending on the Sesame Credit Score, it is divided into five grades: very poor, medium, good, excellent and outstanding.

Sesame Credit Score carries out credit analysis through five dimensions: credit history, behavioral preferences, fulfillment ability, identity traits, and connections. The user's behavior is subdivided into five dimensions and given different weights, which ultimately results in a Sesame Credit Score. The dimensions are as follows:

1. Credit history

The user's past credit account records and credit account history.

2. Behavioral Preferences

The user's behavioral characteristics in activities such as shopping, consumption, transferring money, and financial management.

3. Performing ability

Whether the user has sufficient wealth and comprehensive ability to repay debts and fulfill agreements.

4. Identity Characteristics

Rich and authentic information about the user's learning and professional experience, as well as the user's real-name consumption behavior, such as the user's personal hotel, airfare, insurance and other consumption.

5. Networking

The user's influence in interpersonal interactions, friends, and credit status.

Sesame credit score is analyzed from the above five dimensions with the support of big data and cloud computing technology. It is summarized that Sesame Credit Score is between 300-950 and the credit rating is determined by the score. The rating includes five types: very poor, moderate, good, excellent and outstanding.

1. Poor personal credit rating

30-549 points

2. Medium personal credit rating.

50-599 points

3. Good personal credit rating.

60-649 points

4. Excellent personal credit rating

60-699 points

5. Excellent personal credit rating

70-950 points

Compared with the traditional credit report, Sesame Credit Score is more intuitive, with a clear delineation of the different grades, which is easy for users to understand. Although Sesame Credit Score has not been around for long, with the rise of the "Internet Plus" business model, Sesame Credit Score will be used in more ways.

Is it possible to increase your score to 700?

Chanting amount has little to do with your score, the key to see your usual consumption with or without chanting, if you have not been using chanting, then chanting amount is not high. But if you have a low score, and you have a large deposit in your balance account, then you will have a very high amount of money to spend.