Money Left on the Table: Finding Hidden Financial Obligations in Bank Transactions
- Steven Thompson
- Jul 7
- 1 min read
Credit reports offer a snapshot of major, reported obligations like student loans, credit cards, mortgages, auto loans, and installment loans. Delinquency history on these obligations is perhaps the major function that credit reports play in underwriting analysis. As comprehensive as credit reports may appear, they still don’t provide a complete picture of an individual’s financial behavior.
Several critical behaviors and obligations are not reported to bureaus at all: daily spending,
recurring payments, earnings, BNPL (Buy Now, Pay Later), app- based alternative finance, and some installment loans are just some examples. Additionally, household obligations complete the broader view of financial behaviors. This financial behavior is often missed when relying solely on traditional credit reporting data.
This study demonstrates the importance of both streams of data in combination, motivated by ScoreMyCash’s transaction categorization logic.
Comments