Your Smartphone Could Decide Whether You'll Get a Loan

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Every time you visit a website, you leave behind a trail of information, including seemingly innocuous data, like whether you use an Android or Apple device. And while that might feel like a mere personal preference, it turns out that lenders can use that type of passive signal to help predict whether you'll default. In fact, new research suggests that those signals can predict consumer behavior as accurately as traditional credit scores. That could disrupt the traditional credit bureau industry that's dominated since the 1980s—and have serious ramifications for privacy.


Your Smartphone Could Decide Whether You'll Get a Loan