Comprehensive Audit of The Criteria Used For Scoring Applicants For Consumer Credit

Authors

Joel Jolayemi, Tennessee State University
Linda Carr, Tennessee State University

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

DOI

10.58809/XLRI7860

Comments

For questions contact ScholarsRepository@fhsu.edu

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