Abstract
This paper presents a comprehensive audit of the criteria used for scoring applicants for consumer credit. The audit consists of two parts: the first part focuses on the criteria used in customized models, while the second part deals with those used in Fair-Isaac and Co (FICO) or generic models. This paper shows that most of the sets of criteria variables used in lending institutions and in literature are poorly selected and poorly defined.
Volume
2
Issue
1
First Page
186
Last Page
202
Rights
© Fort Hays State University
Creative Commons License
This work is licensed under a Creative Commons Attribution-NonCommercial-No Derivative Works 4.0 International License.
Recommended Citation
Jolayemi, Joel and Carr, Linda
(2006)
"Comprehensive Audit of The Criteria Used For Scoring Applicants For Consumer Credit,"
Journal of Business & Leadership: Research, Practice, and Teaching (2005-2012): Vol. 2:
No.
1, Article 21.
DOI: 10.58809/XLRI7860
Available at:
https://scholars.fhsu.edu/jbl/vol2/iss1/21
Comments
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