Discover and read the best of Twitter Threads about #creditappraisal
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Believe me! Your mobile phone activity now decides if you get a loan.
New age Fintech companies are using your mobile/internet trails to decide if you are worthy of getting a loan. Will you now think twice before hurling an abuse on Twitter or downloading a 'free' App? 1/12
New age Fintech companies are using your mobile/internet trails to decide if you are worthy of getting a loan. Will you now think twice before hurling an abuse on Twitter or downloading a 'free' App? 1/12
More and more lending companies (Banks, NBFCs etc) are deploying powerful data analytics tool to judge the credit worthiness of a loan applicant.
So next time you wish to buy a TV on EMI, see what you've been asked to fill in an application form. It all starts from there. 2/12
So next time you wish to buy a TV on EMI, see what you've been asked to fill in an application form. It all starts from there. 2/12
Your phone number, picked up from the application form, tells the following things about you to the lender -
a) Location of your residence and office addresses.
b) If you are paying your bills on time or have you been missing your payment dates (through SMS alerts). 3/12
a) Location of your residence and office addresses.
b) If you are paying your bills on time or have you been missing your payment dates (through SMS alerts). 3/12
