Consumer Credit Scoring - An application using a Hungarian dataset of consumer loans
by Constangiora, Alexandru
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In today s business environment the risk management of consumer lending has become critical to protect the interest of both lenders and consumers. Following the presentation of the main issue in the consumer credit market and the introduction of credit scorecards, I analyze a Hungarian dataset of loans for personal needs. The analysis evaluates comparatively the prediction accuracy of several methods used in consumer credit scoring. I have documented the superior performance of logit and neural estimations. I also have found supporting evidence for the use of WOE as inputs in estimating predicted default probabilities. Following Siddiqui (2006), I have used a linear transformation to compute a traditional statistical scorecard. Developing easy to interpret statistical scorecards is essential when the lender has a legal obligation to explain its refusal of an application.
I was born in Oradea, Romania, in 1973. I took my BA in Economics in 1996 at the Academy of Economic Studies, Bucharest. In 2007 I have graduated from Central European University, Budapest, with a specialization in Applied Economics. Currently I am a lecturer in Risk Management at Oradea University.
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LAP Lambert Academic Publishing
0.216 x 0.15 x 0.01 m; 0.113 kg