How Technology is changing the Consumer Credit Landscape

Traditional Credit models have a certain predefined metrics that need to be taken into account when determining the creditworthiness of a client. These same metrics are used to calculate the Credit score to determine the eligibility for a certain kind of loan (mortgage, car loan etc.). Before taking a look at these metrics it should be noted that this model has certain limitations. It does not show the bigger picture for people who are apparently not part of the system – For example – People who have always done cash transactions, a student with a limited credit history or an…...