Credit Scoring

Credit scoring refers to a lender’s analysis or assessment model to decide a person or enterprise’s creditworthiness. It is used to determine whether or not to lend money to an applicant. Traditional credit scoring models rely on credit scores, such as the CIBIL score or Equifax credit score. Alternative credit scoring models consider other aspects, such as social media presence, utility payments, rent and more.

For instance, Fibe uses alternative credit scoring to offer loans to those who may be new to credit.

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