How can alternative credit scoring support ethical and responsible lending practices?

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 ... Mar 15, 2021 ... These data could enable credit scoring for more than 50 million currently unscoreable consumers and raise credit scores for those with thin files. Jun 10, 2020 ... These innovations reflect the continuing evolution of automated underwriting and credit score modeling, offering the potential to lower the cost ... Jan 8, 2025 ... Discover how non-traditional data sources—such as utility payments, social media insights, and behavioral patterns—can revolutionize credit ... Mar 22, 2023 ... This method expands upon traditional credit scoring models and incorporates factors such as non-traditional data such as utility and rent payments, social ... While using alternative credit scoring is not a substitute for bad credit, it can be a vehicle to offer more affordable loans than sub-prime programs offer. Feb 21, 2017 ... Harder to educate and explain: The more factors that are integrated into a consumer's credit score or into decisions in the credit process, or ... Jul 3, 2023 ... Introduction: What is A Credit Scoring Model? · Why Is the Credit Risk Scoring Model Important? · Discovering the Different Types of Credit ... Feb 16, 2017 ... In the consumer financial marketplace, alternative data refers to information used to evaluate creditworthiness that is not usually part of a ... ... Credit Score Models by Fannie Mae and Freddie ... CAGW Joins Coalition to Support FHFA Rule on Alternative Credit Score Models. Agency Comments. March 21, 2019. Alfred M. Pollard, General Counsel