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date: 26 March 2019

Abstract and Keywords

This article examines the key features and risks inherent in consumer lending, highlighting approaches to evaluating credit supply default risk, and the inextricable influence of adverse selection and asymmetric information in the consumer credit process. It offers an interesting discussion of the role of consumer credit scoring, noting that this has helped lower the costs of the credit evaluation process, and in addition has the advantage of providing consistent application processing across all loan applicants, which simplifies the management of lending.

Keywords: credit supply default risk, adverse selection, consumer credit, credit scoring, credit evaluation, application process, lending management

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