A new report from Open Lending and TransUnion dispels the myth that many thin-file consumers, especially younger ones, are more risky.
Historically online lenders have relied on a wide range of alternative ways of evaluating borrowers; the state-backed National Internet Finance Association of China which is aligned with China’s central bank has provided some details on developing a credit rating system; some industry participants question whether they will be able to overcome issues that have prevented similar plans in the past. Source