From: Fintech platforms: Lax or careful borrowers’ screening?
(1) | (2) | (3) | ||||
---|---|---|---|---|---|---|
Beta | Zero-inflate | Beta | Zero-inflate | Beta | Zero-inflate | |
Not verified | − 0.042*** (0.0043) | 0.1169*** (0.0100) | − 0.0054*** (0.0058) | 0.138*** (0.0146) | − 0.0412*** (0.0055) | 0.0896*** (0.0130) |
ln(Loan Amount) | 0.0003 (0.0030) | 0.0445*** (0.0738) | − 0.0049 (0.0057) | − 0.0531*** (0.0110) | 0.0088 (0.0099) | − 0.0183 (0.0230) |
Term | 0.028*** (0.0042) | 0.172*** (0.0102) | − 0.0061*** (0.0005) | 0.171*** (0.0149) | − 0.00407*** (0.0055) | 0.259*** (0.0135) |
Interest rate | − 0.0006 (0.0004) | − 0.026 (0.0009) | − 0.024*** (0.0042) | − 0.0225*** (0.0014) | − 0.00126*** (0.0005) | − 0.0334*** (0.0012) |
Revolving utilitation | − 0.0539*** (0.0139) | − 0.338*** (0.0364) | ||||
Months since last delinquent | 0.0006*** (0.0001) | 0.00215*** (0.0003) | ||||
Total account | 0.00137*** (0.0002) | − 0.0015*** (0.0005) | ||||
Bankcard balance > 75% | 6.94e−05 (9.06e−05) | 0.0009*** (0.00024) | ||||
Debt to income ratio | 0.00182*** (0.0002) | 0.00850*** (0.0006) | ||||
Mortgage account | − 0.0053*** (0.0013) | − 0.0070** (0.0035) | ||||
ln(Annual Income) | 0.0282*** (0.0106) | − 0.0423* (0.0245) | ||||
Employment length | 0.00100 (0.0007) | 0.00764*** (0.00165) | ||||
Loan to annual income | − 0.263*** (0.0482) | 1.008*** (0.105) | ||||
Loan purpose: credit card | 0.0264*** (0.0098) | 0.135*** (0.0242) | ||||
Loan purpose: debt consolidation | 0.0243*** (0.00870) | 0.0775*** (0.0217) | ||||
Loan purpose: small business | − 0.146*** (0.0190) | − 0.0550 (0.0492) | ||||
Home mortgaged | − 0.00809 (0.103) | − 0.0492** (0.299) | ||||
Home owned | 0.0432 (0.103) | − 0.0950* (0.299) | ||||
3-digit zip | Yes | Yes | ||||
Year | 0.191*** (0.00458) | 0.716*** (0.0112) | ||||
Observations | 291,664 | 145,646 | 177,963 | |||
AIC | − 105,632 | − 62,897 | − 73,825 | |||
BIC | − 105,516 | − 62,630 | − 73,381 |