When compared to traditional credit scores and attributes, cashflow-based metrics appear to predict creditworthiness within the subpopulations at least as well as the traditional metrics.
Forty million Americans expect to miss a credit card payment this year.
The growth of consumer spending slowed in June, coming in under projections of economists, according to recent data from the Federal Reserve.
Consumer credit in the U.S. slowed in the month of April.
Outstanding consumer credit in the U.S. rose roughly $27.9 billion in November from the previous month, reaching roughly $3.8 trillion, according to new data from the Federal Reserve.
