Webinar: Improve Credit and Portfolio Management Utilizing Customer-Centric Data
Published on September 25th, 2009 by GDS Link
GDS Link and New Data Sources for Credit Decisioning
Since the start of consumer and business lending, lenders have sought the most comprehensive, up-to-date sources of data to help them make strong risk assessments and credit decisions. At one time this was basically limited to Equifax, TransUnion, Experian, and Dun & Bradstreet.
Are Your Lending Decision Models Really Using the Right Data?
As we ponder the impact of a recession with a magnitude second only to the Great Depression, most lenders have to ask themselves: Are my lending decisions really based on the latest and greatest insights into a borrower’s behaviors? Or are they simply using someone else’s “guesstimation” of their ability to pay?