credit scoring?

Question

compare and contrast the assessing of a lending proposition by computer ( credit scoring ) with a manual assessment

Answer 1

Great question.

Lending manually provides an intuitive look at a file. A view from a professionals standpoint with years of experience to read between the lines. A computer driven system would be very incapable of this sort of judgment. Also, a computer generated matrix can be very complex to design without ever being as capable as human experience.

Both provide an ability to assess if given a clear outlined objective.

Now the 2 as a conjunctive unit...now we have a winner. As a professional in the industry and one who has good technical awareness I am always looking at bridging that gap between borrower and lender. Technology will lead the way and by reducing the need for middle men savings will pass on to the consumer. A mix of technology and human experience will be the best future solution.

I write a blog on the subject of credit management, mortgages, real estate trends, etc. Check it out for more information that may be helpful.

Answer 2

You can get accepted with out a credit score, however you'll get raped on curiosity fees. Debit card won't support. Get a bank card, make the per 30 days repayments in complete if in any respect viable and hold a low debt to credit score ratio. Get a dad or mum to co-signal your first car mortgage. That approach you'll be able to begin to construct your credit score without the 20-30% curiosity cost.

Answer 3

If you are not going to try and do your own homework, why are you bothering with school ? They might actually expect you to know some of your stuff if you are offered a job !

Answer 4

wow - you are lazy!!