Groupwise, the model correctly classified in the range of 83.6–85.6% of the 250 applications in Group 1 (good credit) and 56–62% of the 250 applications in Group 2 (bad credit). Similarly, for the hold out sample, the discriminant analysis model's classification accuracy ranges between ...
Where there is a cap on the cost of credit, it also reduces the lender's ability to absorb these additional costs through increased prices. Consequently, lenders are forced to reduce resources allocated to customer service to comply with regulation. Bad regulation—which is focused on the price...
Your credit score is three-digit number, ranging from 300 to 850, that is the result of an analysis of your credit file. Lenders use your credit score to judge your potential credit risk and ability to repay loans. Credit score ranges vary based on the model used (FICO® versus Vantage...
A good credit score can help you receive better-than-averageAPRsfrom lenders and increased approval odds for credit. With good credit, you have better chances at qualifying for a mortgage, lease or car loan. Many of the best credit cards require good orexcellent credit. If you want to benef...
In this paper, we attempt to shed light on the notion regarding good finance versus bad finance. Using data on 312 Chinese cities during 1999–2007, we investigate how financial development affects resource misallocation. We find Acknowledgement The authors thank Li Jin, Chen Lin, Laura Xiaolei ...
Credit Rating:Credit ratings are the gauge of a credit score a person has over time. Credit ratings may range from 300 to 900, although these metrics may vary depending on the state or the model in use. 300 or the lower number used in a scoring model is considered a poor cred...
What are some examples of good versus bad debt? Here’s a quick rundown for you. The Faces Of Debt Closing Thoughts Debt is a loaded word. Some hate it, others embrace it. I shouldn’t really be too surprised at how many people take extreme sides to this matter. Despite your personal...
Also remember that the better your credit score is, the lower the interest rate you'll be offered and the less you'll pay. Consider a 30-year mortgage of $200,000 at a fixed rate: According to one data set, the difference in interest rates for people with a 760 score versus a 620...
I think I'll make the point that we do see PTR per MAC potentially drifting down a little bit over time And that can be a function of ISP, due to contribution from ISP being both higher in the first half versus second half of the year as people hit their deductible phase, certainly ...
text,nottoexceedtwoparagraphs,maybequotedwithoutexplicitpermissionprovidedthatfullcredit, including©notice,isgiventothesource. GoodversusBadDeflation:LessonsfromtheGoldStandardEra MichaelD.Bordo,JohnLandonLane,andAngelaRedish NBERWorkingPaperNo.10329