What are the ethical considerations of using location data in alternative credit scoring?

Mar 19, 2024 ... ... credit score and most recent tax returns and bank statements,” wrote Funding Circle. However, alternative lenders provide small loans with ... Aug 7, 2024 ... The table below gives a list of the top 10 alternative credit scoring companies and a brief description of each. VantageScore is a leading credit-score model development company that generates the most inclusive, innovative and predictive models used in the ... Here is useful information on how to assess and analyze alternative data and combine it with so-called traditional data to improve credit risk analytics. While alternative credit scoring may ultimately benefit some consumers, it also poses significant risks. Credit-scoring tools that integrate thousands of ... Mar 4, 2025 ... Alternative credit scoring is a method of assessing potential borrowers using non-traditional data sources. What is Alternative Credit Scoring? Alternative credit scoring is used to examine additional data sources and other relevant factors to assess borrowers with ... May 17, 2022 ... New alternative credit scoring systems present challenges not covered by the Fair Credit Reporting Act or the Equal Credit Opportunity Act. What is alternative credit scoring? Using alternative data for credit scoring is a method that assesses your potential borrower's creditworthiness by looking ... Jul 9, 2024 ... ... can now pledge mortgage collateral using VantageScore credit scores as an alternative to the Classic FICO credit score model.