4 ms·
We focused on behavioral data. We realized that a solid plan for the the money and how is it lay out, does correlate with a low default rate. We think this is a
by gfarah 8y ago
We focused on behavioral data. We realized that a solid plan for the the money and how is it lay out, does correlate with a low default rate. We think this is a good way to avoid (or at least minimize) those kinds of proxies you mention.
- listenallyall 8y agoSo, people with "a solid plan for the money" (and who is the wise sage that makes THAT decision?) is just your company's replacement for directly using profiling information. You really think you've changed anything?
- gfarah 8y agoPlease explain how making lending decisions based upon someone’s planning is somehow worse to you. Our preliminary tests show higher scores to people who by traditional means would have had a tougher time getting access to loans.
- sonofaragorn 8y agoHow do you measure how solid their plan for the money is?