Consumer credit scoring: Do situational circumstances matter? Export

@article{2004_AveryCalemCanner, abstract = {Although credit history scoring offers benefits to lenders and borrowers, failure to consider situational circumstances raises important statistical issues that may affect the ability of scoring systems to accurately quantify an individual's credit risk. Evidence from a national sample of credit reporting agency records suggests that failure to consider measures of local economic circumstances and individual trigger events when developing credit history scores can diminish the potential effectiveness of such models. There are practical difficulties, however, associated with developing scoring models that incorporate situational data, arising largely because of inherent limitations of the credit reporting agency databases used to build scoring models. (C) 2003 Elsevier B.V. All rights reserved.}, author = {Avery, R. B. and Calem, P. S. and Canner, G. B.}, citeulike-article-id = {648866}, journal = {Journal of Banking and Finance}, keywords = {consumer, credit, risk, scoring}, number = {4}, pages = {835--856}, posted-at = {2006-05-18 17:54:47}, priority = {0}, title = {Consumer credit scoring: Do situational circumstances matter?}, volume = {28}, year = {2004} }

TY - JOUR ID - 2004_AveryCalemCanner L3 - citeulike-article-id:648866 N2 - Although credit history scoring offers benefits to lenders and borrowers, failure to consider situational circumstances raises important statistical issues that may affect the ability of scoring systems to accurately quantify an individual's credit risk. Evidence from a national sample of credit reporting agency records suggests that failure to consider measures of local economic circumstances and individual trigger events when developing credit history scores can diminish the potential effectiveness of such models. There are practical difficulties, however, associated with developing scoring models that incorporate situational data, arising largely because of inherent limitations of the credit reporting agency databases used to build scoring models. (C) 2003 Elsevier B.V. All rights reserved. IS - 4 JF - Journal of Banking and Finance EP - 856 TI - Consumer credit scoring: Do situational circumstances matter? VL - 28 SP - 835 KW - consumer KW - credit KW - risk KW - scoring AU - Avery, RB AU - Calem, PS AU - Canner, GB PY - 2004/// ER -