In which countries can you default on a loan and then go get another one like it never happened? Sure it might be the state hosting the mechanism instead of a private company, but that mechanism is pretty important.
Yeah, if you default on it and there's a court decision etc. then it gets recorded in a government system and you are on a blacklist.
It's quite different and a lot less fine-grained than feeding all your credit-related and non-credit-related history into some ML model to estimate your credit worthiness.
It's quite different and a lot less fine-grained than feeding all your credit-related and non-credit-related history into some ML model to estimate your credit worthiness.