Post Tagged with: "alternative scoring models"

Alternative Credit Scoring Helps Widen Pool of Eligible Borrowers

Alternative Credit Scoring Helps Widen Pool of Eligible Borrowers

Best Practices, Operations, Risk May 17, 2014 at 12:00 pm

Alternative scorers have built models that report more quickly and frequently than traditional scorers, and have access to consumers that would otherwise be difficult to reach. These are the so-called ‘underbanked,’ a pool of consumers that use nontraditional financial services out of need or preference.