Credit rating dating

23-Jan-2020 00:53

credit rating dating-31

christian dating in relationship should

In the past if someone applied for a mortgage, “you have to check, is it the real purpose of the loan? Average interest rates declined from 20.2% to 12.6%.

“Everything starts from this,” says Mr Verulashvili, referring to the growth of Georgia’s credit records.

To download it free now, enter your name and email below.

Bank, one of Georgia’s largest, calls between 170 and 250 of her compatriots. An algorithm crunches the credit scores (a number between 0 and 400 indicating the likelihood of repaying a loan) of millions of Georgians, selects the best prospects and auto-dials them.

They set up a consultancy, Fair, Isaac and Company, whose product was a literal scorecard, made of cardboard, provided to banking and retail customers.

Their rise not only greased the wheels of economic development but also presaged the arrival of the data-driven, algorithm-mediated economy of the 21st century.