New Issues in Credit Scoring Application

Empirical credit scoring as a technique that has its traditional statistical background is in thispaper looked as the classification problem of data mining.Restricted originally in the reject/accept decisions on consumer credits, the applications ofscoring methods have come to cover the area of business credit and other stages of creditdecisions such like marketing, performance aspects and bad debt management.Despite many limitations of empirical scoring models their applications have a wider prospectdue to the new requirements from the changing environment of the credit industry. The largevolume of available credit data are organized...