CREDIT SCORES GET ALL THE CREDIT
Thursday, January 11th, 2007 A new Brookings Institution study shows that an increasing number
of lenders fail to consider alternative data when calculating credit
scores. As a result, the report warns, they essentially ignore a potentially
profitable niche serving those who lack traditional credit histories.
The paper urges lenders to do more by using such unconventional
data as utilities and telecommunications bills. Alyssa Lee, […]