Reasons to Gloat If Your Credit Score Is High

Harvard Business Review

People with higher credit scores tend to be less impulsive, better at delaying rewards, and more trustworthy than those with lower scores, according to a study of 63 university students and employees by Shweta Arya, Catherine Eckel, and Colin Wichman of the University of Texas at Dallas; the study included a survey and a set of tasks and games. Fair Isaac credit scores are calculated on a scale from 300 to 850 , with the U.S.

Does Bigger Data Lead to Better Decisions?

Harvard Business Review

Some innovative companies are connecting data traditionally used by banks to assess the credit score of loan applicants with information ranging from mobile phone usage data to online social media relations data, in order to better and faster assess the creditworthiness of a micro-loan applicant.

Guess Who Got Rejected from Top B-Schools?

Harvard Business Review

and Barclays, scored a 740 on the GMAT, and climbed Mount Everest. BONUS BITS First Impressions The Science of Meeting People (Wired) Should Your Credit Score Matter on Job Interviews? A Bunch of Seemingly Smart People Look Who Harvard and Stanford B-Schools Just Rejected Fortune It''s not especially surprising that there''s steep competition to get into these two top business schools.

Can Lending Technology Revive America???s Small Businesses?

Harvard Business Review

In short, the health of American small businesses depends significantly on credit. And as we describe in a recent HBS Working Paper , gaps remain in traditional bank credit supply. Neither sales nor employment have fully recovered, and credit seems harder to come by.

Research: The Digitization of Banks Disproportionately Hurts Women Entrepreneurs

Harvard Business Review

since 2013 , and shrank by more than 1,700 in 2017 alone. As opposed to meeting with entrepreneurs, this model is largely based on financial reporting information, credit scoring, and the quality of accessible assets as collateral. And that even when they are approved for financing, they face more demanding credit terms compared to men. They include not paying taxes or invoices on time, breaking credit agreements, the use of undocumented workers and trades in services.

Equifax and Why It’s So Hard to Sue a Company for Losing Your Personal Information

Harvard Business Review

We assume our personal information has been compromised in some way, take reasonable precautions like canceling a credit card or instituting credit monitoring, and move on with our lives. Equifax finds itself in a crosshairs not seen since the 2013 Target breach; the legal and regulatory repercussions are coming at record speed. Equifax is one of the three major credit bureaus in the United States.