What are we working on? The Monzo Weekly Diary

[beningreenjam (Ben Green)]

If you’re wanting to know more about what Monzo is planning to do about credit ratings then I’d advise bookmarking this topic for future updates

Monzo's Approach To Credit Scoring

I’m curious about what Monzo thinks of the current process of credit scoring, in terms of generating, updating and just simply reading them. The three top providers - Experian, CallCredit, Equifax - all have much the same type of data collected, but each scored in different ways. This becomes problematic when, for instance, someone may have an average score with Equifax and CallCredit, but and an excellent score with Experian. They may look at their excellent Experian score, apply for a mortga…