Credit Scoring Scenario

Credit card applications are typically assessed by automated systems taken into account the applicant's credit history provided by a credit referencing agency (CRA). Such applications are often approved or rejected within seconds, without human intervention. In this page, we simulate credit card applications and produce explanations for their decisions based on the credit records that influenced those decisions.

In this scenario, an applicant applies for a new credit card with a bank. The bank employs a CRA to search the applicant's credit history and to provide the bank with a credit report. Such reports typically contain a credit score, representing the applicant's credit-worthiness, in addition to a variety of credit-related records: past payments (to existing credit agreements), addresses, electoral roll, and so on.

Try out the scenario

You can play the role of a customer applying for a credit card by following the following steps:

  1. Simulate a new application: filling in an application (the data will be randomly generated)
  2. Submit the application to get a (simulated) decision
  3. Understand the decision: reasons behind the decision are explained to the applicant

Recent simulated applications

Applicant Name Date of Birth Job Title Income Created
Julie Barber Aug. 9, 1948 Television/film/video producer £114000 20 hours, 49 minutes ago
Callum Hall Oct. 25, 1971 Midwife £67000 1 week, 1 day ago
Stephanie Slater Jan. 23, 1977 Therapist, music £13000 1 week, 5 days ago
Frank Jackson Sept. 9, 1973 Telecommunications researcher £115000 1 week, 5 days ago
Leah Whitehead Aug. 13, 1985 Music tutor £23000 2 weeks, 2 days ago