Sunday, 25 January 2015

Big Data Underwriting for Payday Loans

ZestFinance traces its origins to a phone call Douglas Merrill received one winter day from his sister-in-law, Victoria, who needed new snow tires to drive to work and was short of cash. When Mr. Merrill asked what she would have done had she not been able to reach him, she replied that she would have taken out a “payday loan.”

Continue reading here on +The New York Times

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