How can alternative credit scoring be used to combat predatory lending practices?

Nov 29, 2021 ... ... loan and how much they should pay. This so-called alternative credit scoring could have profound effects for consumers, many of them ... What is Alternative Credit Scoring? Alternative credit scoring is used to examine additional data sources and other relevant factors to assess borrowers with ... Aug 6, 2021 ... Now a preprint study in which researchers used artificial intelligence to test alternative credit-scoring models finds that there is indeed a ... Jan 20, 2025 ... My work contributes socially by improving access to finance for the un- and underbanked, as well as academically by filling gaps in research. A ... Dec 13, 2019 ... ... scoring methods for all credit scores. Frequently ... credit scoring systems that will be based on overly-broad alternative information. While alternative credit scoring may ultimately benefit some consumers, it also poses significant risks. Credit-scoring tools that integrate thousands of ... Jul 12, 2023 ... ... Credit Data. -13-. Page 14. Trends in alternative data adoption. ▫ Lenders are increasingly using traditional credit scoring, alternative data ... An infile credit report credit score is considered valid for unsecured Section 504 ... Non-Traditional or Alternative Credit. (No Score/Only One Score). What is ... Alternative credit scoring and financial inclusion : a structural data justice perspective ... This paper explores questions of justice surrounding the use of ... Sep 8, 2016 ... The app gathers 10,000 data points for each customer, forms a financial identity for them within five seconds, and then uses mobile money or ...