How Technology is changing the Consumer Credit Landscape

1 min read

Traditional Credit models have a certain predefined metrics that need to be taken into account when determining the creditworthiness of a client. These same metrics are used to calculate the Credit score to determine the eligibility for a certain kind of loan (mortgage, car loan etc.). Before taking a look at these metrics it should be noted that this model has certain limitations. It does not show the bigger picture for people who are apparently not part of the system – For example – People who have always done cash transactions, a student with a limited credit history or an…...

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Faisal Khan Faisal is based in Canada with a background in Finance/Economics & Computers. He has been actively trading FOREX for the past 11 years. Faisal is also an active Stocks trader with a passion for everything Crypto. His enthusiasm & interest in learning new technologies has turned him into an avid Crypto/Blockchain & Fintech enthusiast. Currently working for a Mobile platform called Tradelike as the Senior Technical Analyst. His interest for writing has stayed with him all his life ever since started the first Internet magazine of Pakistan in 1998. He blogs regularly on Financial markets, trading strategies & Cryptocurrencies. Loves to travel.