Big Data for the Poor
ZestCash, founded in 2006, had a winning idea, in principle. It made loans to borrowers with poor credit scores by using complex data analysis to better determine their credit quality. But now it has decided to move out of the business of making loans and instead concentrate on selling its analysis to other lenders serving poorer and marginal borrowers.
- ZestCash Debuts New Big Data Underwriting Models To Determine Consumer Credit Risk (techcrunch.com)
- www.ZestCash.com (givecashloanstoday.typepad.com)
- How long does bankruptcy affect credit scores? (helpdesk.blogs.money.cnn.com)