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Fintech Lending To Higher Risk Customers: White Space Or Red Flag?
Are digital lenders increasing systemic risk by focusing on lower credit score customers.
18 Mar 2019, 12:06 PM IST
It was the early 2000s and a pick-up in credit card spending was all the rage. A number of private banks were falling over themselves to issue credit cards. Few believed that this form of unsecured credit would prove to be a headache in later years.Then came the global financial crisis and a slowdown in the Indian economy. Many lenders were left holding a pile of bad credit card debt.Fast-forward to 2018 and the rage is now about len...
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