Alternative credit scoring leverages

Alternative credit scoring leverages non-traditional data sources—such as utility payments, mobile transactions, and even social media activity—to assess an individual’s creditworthiness, stepping away from conventional credit reports. By analysing digital footprints, fintech firms open up financial opportunities for those excluded from formal banking systems. In India, the need for alternative scoring is pressing, as many remain “credit invisible” due to informal work and lack of documentation. Without access to traditional loans, people often turn to predatory lenders, perpetuating financial instability ufabet