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.
You can play the role of a customer applying for a credit card by following the following steps:
|Applicant Name||Date of Birth||Job Title||Income||Created|
|Kathryn Watts||Nov. 8, 2000||Research scientist (maths)||£77000||1 day, 7 hours ago|
|Gail James||Feb. 22, 1954||Hydrogeologist||£25000||2 days, 1 hour ago|
|Marion Young||June 16, 1957||English as a foreign language teacher||£16000||1 week, 4 days ago|
|Richard Kelly-Smith||Feb. 11, 1956||Telecommunications researcher||£71000||2 weeks, 1 day ago|
|Michelle Shepherd||June 25, 1964||Bookseller||£44000||2 weeks, 3 days ago|