How Alternative Lenders Are Challenging the Traditional Value of Consumer Credit Ratings

[kreslik.news]

Stephen Sheinbaum is the founder of Bizfi, an aggregation marketplace that offers many kinds of alternative funding, from short-term finance to longer term loans, equipment finance and lines of credit. Since 2005, Bizfi has originated in excess of $1.4 billion in funding to more than 27,000 small businesses. It has also provided technical assistance to alternative finance companies outside the United States.


Since 1989, the three digits of a FICO score have made the difference between credit or no credit for America’s consumers and small businesses. Fair, Isaac Corp. (now called FICO just like its product) created the ... (read more)