Use of alternative credit data offers promise, raises issues
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.
File(s): File format is application/pdf http://www.bostonfed.org/commdev/necd/2005/q3/credit.pdf
Provider: Federal Reserve Bank of Boston
Part of Series: New England Community Developments
Publication Date: 2005
Order Number: 1