How is participation in community organizations or volunteer work considered in alternative credit scoring?

Feb 10, 2025 ... OJK Issues Long-Awaited Regulation on Alternative Credit Scoring ... Indonesia's Financial Services Authority (Otoritas Jasa Keuangan – “OJK”) has ... While alternative credit scoring may ultimately benefit some consumers, it also poses significant risks. Credit-scoring tools that integrate thousands of ... Dec 13, 2019 ... ... scoring methods for all credit scores. Frequently ... credit scoring systems that will be based on overly-broad alternative information. 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 ... Jan 26, 2023 ... Alternative credit scoring models incorporate alternative credit data* that isn't typically found on consumer credit reports. These scores aren' ... 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 ... Mar 19, 2024 ... ... credit score and most recent tax returns and bank statements,” wrote Funding Circle. However, alternative lenders provide small loans with ... Feb 14, 2024 ... In this instance, alternative credit data may be integrated directly into a primary credit score or held out in a secondary score, used to ... Oct 26, 2022 ... FHFA began to explore new models in 2014 and submitted a request for information on alternative credit scores in 2017. In 2018, Congress ... 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 ...