Such information can increase use of credit with this populace and invite lenders to more efficiently assess their creditworthiness

Such information can increase use of credit with this populace and invite lenders to more efficiently assess their creditworthiness

While noting this danger, it really is worthwhile to emphasize and pause that new research on alternative data may in reality improve information availability and representation for the scores of customers who will be credit hidden. 32 loan providers presently lack good tools to guage these consumers’ creditworthiness. Alternate information may lead to new information sources which can be accurate, representative, and predictive. Читать далее «Such information can increase use of credit with this populace and invite lenders to more efficiently assess their creditworthiness»