What are the considerations for data retention and disposal in alternative credit scoring?

Jul 25, 2019 ... Credit and Finance. Examining the Use of Alternative Data in Underwriting and Credit Scoring to Expand Access to Credit. Aaron Rieke. Written ... Mar 19, 2024 ... ... credit score and most recent tax returns and bank statements,” wrote Funding Circle. However, alternative lenders provide small loans with ... Oct 29, 2024 ... Telecom Alternate Credit Scoring: Harnessing AI/ML for Enhanced Risk Management · 1. Identifying Potential Bad Debt Situations: It enables ... A movement is under way to collect and score alternative data that reflect the many payments credit-underserved individuals routinely make for insurance, ... May 2, 2019 ... ... alternative data centric innovations, including alternative scoring techniques, in their markets. ... The credit rating of the business owner must ... Feb 13, 2023 ... Some financial startups are tapping into alternative data sources as a way of serving consumers who have been shut out of traditional credit ... As with prior developments in the evolution of credit underwriting, including the advent of credit scoring, the use of alternative data and analytical methods ... Feb 16, 2017 ... In the consumer financial marketplace, alternative data refers to information used to evaluate creditworthiness that is not usually part of a ... NAR supports competition in credit scoring and alternative credit scoring models aimed to responsibly expand mortgage credit for millions of hardworking ... Feb 25, 2025 ... Alternative credit scoring models include alternative credit data, such as rent payments or transactional activity, in addition to or as a ...