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Einav et al., 2013 - Google Patents

The impact of credit scoring on consumer lending

Einav et al., 2013

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Document ID
16937815323485924639
Author
Einav L
Jenkins M
Levin J
Publication year
Publication venue
The RAND Journal of Economics

External Links

Snippet

We study the adoption of automated credit scoring at a large auto finance company and the changes it enabled in lending practices. Credit scoring appears to have increased profits by roughly a thousand dollars per loan. We identify two distinct benefits of risk classification: the …
Continue reading at web.stanford.edu (PDF) (other versions)

Classifications

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    • G06Q40/00—Finance; Insurance; Tax strategies; Processing of corporate or income taxes
    • G06Q40/02—Banking, e.g. interest calculation, credit approval, mortgages, home banking or on-line banking
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