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Nice to meet you Suvi, what information do you need?
Hi Bart, I am Suvi. I've heard about your renovation loan through Amy. Maybe we can work something out?
Oh WOW, I didn't know this existed!
Alternative data generally refers to any data that is not directly related to a consumer’s credit behavior.
Oh interesting!
We'll be specifically taking a look at your transaction behavior for your debit card.
Oh really?! Thanks Ms Suvi, I always knew I was a responsible adult.
Bart, I've noticed that your transaction behavior looks clean. I see that you've only spent on the basic necessities.
Thanks Suvi, I'll promise to repay the loans!
Bart I think you are credit worthy because you have been responsible with your money. Your loan is approved!
Hey Suvi, I've paid up on the whole renovation loan. I'm so thankful that you decided to grant me the loan.
My pleasure Bart, I've always preached that alternative data can be equally as useful in credit scoring.
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