Comment on How to tell if someone will repay their loan

How to tell if someone will repay their loan

Here are three of the week's top pieces of financial advice, gathered from around the web: What loan lingo revealsThe language someone uses when applying for a loan can be "a strong predictor" of the probability he or she will pay it back, said Seth Stephens-Davidowitz at New York. Three economists recently examined loan applications submitted to the peer-to-peer lending site Prosper, as well as borrowers' payment histories, and identified 10 commonly used phrases.

 

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