The Personality Test That Could One Day Decide Your Credit Score
6th September 2015
Past performance is no guarantee of future results.
How would it work? On top of the usual credit check, banks might ask you a series of questions testing applicants’ sense of integrity, honesty and their general beliefs about society.
Applicants would be asked how much they agree with statements like ‘I believe others try to do the right thing’, ‘I pay attention to small details’ or ‘ I find it hard to make change’. Lenders could then score each answer and feed it into software that would predict how likely the person is to miss payment. It would then be up to them to decide whether the borrower is trustworthy or not.
Anybody who can’t game that system is too stupid to be a good lending risk, I suspect.