Consumer Credit Scoring: Do Situational Circumstances Matter?
نویسندگان
چکیده
منابع مشابه
Consumer credit scoring models with limited data
In this paper we design the neural network consumer credit scoring models for financial institutions where data usually used in previous research are not available. We use extensive primarily accounting data set on transactions and account balances of clients available in each financial institution. As many of these numerous variables are correlated and have very questionable information conten...
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With the term consumer credit" we mean any of the many forms of commerce under which an individual obtains money or goods or services on condition of a promise to repay the money or to pay for the goods or services, along with a fee the interest, at some speciic future date or dates" Lewis, 1994, p. 1. Consumer credit has become an enormous business in industrialized countries. It is estimated ...
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Credit scoring is the term used to describe formal statistical methods used for classifying applicants for credit into `good' and `bad' risk classes. Such methods have become increasingly important with the dramatic growth in consumer credit in recent years. A wide range of statistical methods has been applied, though the literature available to the public is limited for reasons of commercial c...
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We study the adoption of automated credit scoring at a large auto finance company and the changes it enabled in lending practices. Credit scoring appears to have increased profits by roughly a thousand dollars per loan. We identify two distinct benefits of risk classification: the ability to screen high-risk borrowers and the ability to target more generous loans to lower-risk borrowers. We sho...
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The paper aims to find an efficient model for consumer credit scoring using neural networks in comparison with logistic regression. A specific characteristic of the examined data set was that the credit repayment period was not completed. Applicants are divided into three categories: "good", "bad", and indeterminate ("poor") applicants which influenced the model accuracy. Five different modelin...
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ژورنال
عنوان ژورنال: SSRN Electronic Journal
سال: 2004
ISSN: 1556-5068
DOI: 10.2139/ssrn.901386