Excluding people from the economy is bad for the victims and bad for the rest of the economy too. Why do less business than you could? Why leave people out? Yet the conventional credit scoring system has a serious problem with excluding people who could be good customers. Nearly 50 million Americans — disproportionately including the poor and minorities — lack a credit score and cannot obtain mortgages, credit cards or other lending products. Yet many people in this segment of society pay rent, utilities and other recurring financial obligations.
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