Typing in lower case only makes you a bad credit risk

Discussion in 'Digital Cameras' started by Tony Cooper, Mar 31, 2013.

  1. Tony Cooper

    Tony Cooper Guest

    Just quoting someone:

    http://www.economist.com/news/finan...urning-social-media-assess-borrowers-stat-oil

    "As statistics accumulate, algorithms get better at spotting
    correlations in the data. Applicants who type only in lower-case
    letters, or entirely in upper case, are less likely to repay loans,
    other factors being equal, says Douglas Merrill, founder of
    ZestFinance, an American online lender whose default rate is roughly
    40% lower than that of a typical payday lender."
     
    Tony Cooper, Mar 31, 2013
    #1
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  2. I posted this same article in another NG. An alert person there opined
    that this is because they are shiftless, which makes a lot of sense.
     
    Jennifer Murphy, Apr 1, 2013
    #2
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  3. Tony Cooper

    Guest Guest

    I would guess that it is because these mono cased people cannot be arsed to
    follow simple grammatical rules, which spills over to their willingness to
    pay their bills in a timely and regular manner...
     
    Guest, Apr 1, 2013
    #3
  4. coincidence != cause & effect

    -Wolfgang
     
    Wolfgang Weisselberg, Apr 1, 2013
    #4
  5. Tony Cooper

    Eric Stevens Guest

    Presumably there are statistics.
     
    Eric Stevens, Apr 2, 2013
    #5
  6. Presumably, Wolfgang meant "correlation is not causation". The (data
    mining) statistics would only show correlation. But then the financial
    institutions are only interested in correlation.
     
    Jennifer Murphy, Apr 2, 2013
    #6
  7. Tony Cooper

    Guest Guest

    As a lender, I won't care about causation. I don't care why the bloke isn't
    repaying, just that he is likely to not pay with no collateral for me to
    seize is where my interest in him ends...
     
    Guest, Apr 2, 2013
    #7
  8. Uh, isn't that what I said?
     
    Jennifer Murphy, Apr 2, 2013
    #8
  9. Tony Cooper

    bugbear Guest

    Well put.

    BugBear
     
    bugbear, Apr 3, 2013
    #9
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