Companies like the Lending Club use sophisticated algorithms to determine who is most likely to pay the money back versus who is in danger of defaulting. It’s a great deal—if you can get it. Unfortunately, many are not able to utilize this method. The people who need help the least are the most likely to get it, thanks to those algorithms.526 ↱
The Index Card
Why Personal Finance Doesn't Have to Be Complicated
Helaine Olen, Harold Pollack