G2

Taufeeque Haider K.

Business Analyst

Enterprise (> 1000 emp.)

12/20/2022

"Credit scoring is very reliable in general settings."

4/5

What do you like best about SAS Credit Scoring?

Credit scoring is a valuable tool for lenders to assess an individual's creditworthiness. It helps lenders decide whether to offer credit, what interest rate to provide and the terms of the loan.

Upsides of using credit scoring include:

1. Quickly assessing creditworthiness: Credit scoring allows lenders to quickly assess an individual’s creditworthiness without needing to review their credit history manually.

2. Fairness and accuracy Review collected by and hosted on G2.com.

What do you dislike about SAS Credit Scoring?

The main downside of credit scoring is that it can be unfair. Credit scoring models often rely on information such as race, gender, location, and other demographic data that can lead to unfair decisions. Additionally, credit scoring models may not accurately reflect an individual's overall financial history or risk profile. This can lead to overscoring or underscoring, resulting in either an individual with good credit being denied for a loan or an individual with bad credit receiving approval for a loan with unfavorable terms. This can lead to further financial distress in some cases. Review collected by and hosted on G2.com.

What problems is SAS Credit Scoring solving and how is that benefiting you?

Credit scoring is helping to solve the business problem of assessing a customer's creditworthiness and ability to repay a loan. By using a credit scoring model, lenders can quickly and accurately assess a customer's credit risk and determine whether or not to approve a loan. This helps them to make better lending decisions, reduce the risk of loan defaults and manage their loan portfolios more efficiently. Review collected by and hosted on G2.com.