We regularly write about our technical experiences (good and bad) and what we're learning from the market.
Following my previous post (Part 1 - Traditional Credit Rating) you hopefully now know your credit score and you have mastered the art of managing your credit score. Now brace yourself — what if I tell you that you probably shouldn’t be too excited about it? Read on.
Continue readingWe live in a time where trust is gold. One aspect of trust is credit worthiness. This topic has evolved and has been thought through socially and philosophically since ancient times. In this three-part blog, I am going to talk about credit worthiness in our modern world. I will talk about assessment of financial credit worthiness, how social data has started to affect this assessment and the use of social data in social credit worthiness beyond financial boundaries.
Continue readingAustralia has one of the highest rates of personal debt in the world. Estimates indicate that the average Australian owns at least 1 credit card and that roughly 57% of our $2 trillion personal debt is attributable to mortgages. These statistics lend themselves to the assumption that majority of Australians have at some point in their life experienced the process of applying for a line of credit.
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