We focused on behavioral data. We realized that a solid plan for the the money and how is it lay out, does correlate with a low default rate. We think this is a good way to avoid (or at least minimize) those kinds of proxies you mention.
So, people with "a solid plan for the money" (and who is the wise sage that makes THAT decision?) is just your company's replacement for directly using profiling information. You really think you've changed anything?
Please explain how making lending decisions based upon someone’s planning is somehow worse to you. Our preliminary tests show higher scores to people who by traditional means would have had a tougher time getting access to loans.
How do you measure how solid their plan for the money is?