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Federal Reserve Bank of Boston
New England Community Developments
Use of alternative credit data offers promise, raises issues
Anna Afshar
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.


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Anna Afshar, "Use of alternative credit data offers promise, raises issues" , Federal Reserve Bank of Boston, New England Community Developments, pages 1-6, number 1, 2005.
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Keywords: Consumer credit ; Credit ratings ; Credit scoring systems
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