The Horizons Tracker
JULY 30, 2024
As a result of this, the arrival of Uber et al coincided with an increase in car loans being given to low-income people who had poorer credit ratings. This was a trend observed in city after city, with demand for cars increasing among people who can scarcely afford to pay for them.
The Horizons Tracker
NOVEMBER 26, 2021
One’s credit score is often hugely important, with it very difficult to secure substantial loans, such as mortgages, without a healthy credit rating. This can also mean, however, that it doesn’t take much to send your credit rating spiralling in the wrong direction.
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The Horizons Tracker
AUGUST 19, 2024
.” Mitigating bias In a bid to mitigate bias, the study concentrated on various factors including consumer credit scores, loan-to-value ratios, vehicle types, and vehicle prices. Notably, it centered its analysis on an average customer, rather than individuals at the extreme ends of credit ratings.
The Horizons Tracker
JANUARY 27, 2021
There was also a significant growth in entrepreneurship in areas where there was significant variance in the credit ratings of people. For instance, in areas with high levels of creditworthy borrowers, economic activity was higher, which in turn meant demand for the goods and services provided by entrepreneurs was also higher.
The Horizons Tracker
JANUARY 4, 2023
. “The institutional arrangements under which climate-risk information is currently provided mirrors the incentive problems and conflicts of interest that prevailed in the credit-rating industry prior to the 2007/8 financial crisis,” the researchers explain. ” Understanding climate risk.
Leading Blog
APRIL 5, 2019
Our instinct for determinism may well have been an evolutionary innovation. While their job may have been setting or applying strict credit policies in the past, they may now start to wonder whether their traditional credit rating models are still effective.
The Horizons Tracker
OCTOBER 11, 2020
.” That way, if an entrepreneur is denied a loan, they would at least have the insight provided by the explanation as to why they have been denied, and can then work on boosting their credit rating. This transparency also helps to build trust that is often lacking in institutions.
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