The Role of Alternative Credit Scoring in Financial Inclusion

a person holding a credit card next to a calculator

Introduction to Alternative Credit Scoring Alternative credit scoring refers to innovative methodologies employed to assess an individual’s creditworthiness, diverging from conventional credit scoring systems. Traditional credit scoring primarily relies on data from credit bureaus, evaluating factors such as payment history, credit utilization, and the length of credit history. While effective, this approach can unintentionally marginalize … Read more