Use of Alternative Credit Data Offers Promise, Raises Issues
November 16, 2005
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.
About the Authors
Anna Afshar
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