January 1, 2025Michigan Law ReviewOpen Access

Presumption of Creditworthiness

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NCNakita Cuttino

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Implication

Innovative models to assess creditworthiness aim to reduce financial hardships and improve equity in credit markets, highlighting adverse selection impacts on unscored individuals.

Key Points

Addressing financial hardships facing unscored consumers, the proposed system offers a presumption of creditworthiness.
Lack of credit scores affects the 32 million unscored adults, pushing them into fringe credit markets.
Analysis of the credit scoring system reveals adverse selection and its impact on market failures.
International approaches suggest alternatives to mitigate the sociopolitical effects of marginalization in credit.

Cite This Study

Nakita Cuttino (2025) studied this question.

synapsesocial.com/papers/6925573bc0ce034ddc35b0b2 https://doi.org/10.36644/mlr.124.3.presumption

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Implication

Innovative models to assess creditworthiness aim to reduce financial hardships and improve equity in credit markets, highlighting adverse selection impacts on unscored individuals.

Presumption of Creditworthiness

Discussion

Member takes

Implication

Key Points

Cite This Study

Presumption of Creditworthiness

Discussion

Member takes

Implication

Key Points

Cite This Study

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Also Consider