Use of alternative credit data offers promise, raises issues

Anna Afshar
Authors registered in the RePEc Author Service: Anna Afshar Steiger

New England Community Developments, 2005, No 1, 6 pages

Abstract: Companies are beginning to use alternative credit data in a variety of ways for the purposes of making credit decisions. This article looks at the prospective benefits of using the new data, examines the potential usefulness of various sources of alternative data, and offers some considerations for lenders, consumers, and policymakers when these data are used.

Keywords: Credit scoring systems; Credit ratings; Consumer credit (search for similar items in EconPapers)
Date: 2005
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