The Index Card

The Index Card

Why Personal Finance Doesn't Have to Be Complicated

Helaine Olen, Harold Pollack

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.

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