• Dr. Baldev Singh

A person's financial credibility is a crucial consideration when applying for a loan or a credit card. These days, a person's credibility is determined by his or her "credit score," which is a number based on how well the person has done in the past when it comes to repaying debts. This paper proposes a novel method for obtaining this information. Taking advantage of the fact that practically everyone now owns a smartphone, a smartphone app that collects all of this data and transmits it to the appropriate persons may exist. More than merely a person's transactions might be used to assess his or her credibility. According to this paper, you should look at social media data to learn more about a person's overall social status. Text messages are being used to deliver all transactions to bank and other institution customers. So, if you have access to SMS, you will be able to obtain information about all of these transactions. There will be a smartphone app that will send text messages including solutions to bank data and internet purchases. The usage of artificial neural networks will allow for the calculation of the final credibility score based on the many data points obtained. The major purpose of this paper is to provide a wealth of precise information regarding how your credit score and history affect your ability to obtain a loan.

IMPORTANCE OF CREDIT REPORT IN SANCTIONING LOANS

"IMPORTANCE OF CREDIT REPORT IN SANCTIONING LOANS", International Journal of Emerging Technologies and Innovative Research (www.jetir.org), ISSN:2349-5162, Vol.6, Issue 4, page no.136-144, April-2019, Available :http://www.jetir.org/papers/JETIR1904U70.pdf

"IMPORTANCE OF CREDIT REPORT IN SANCTIONING LOANS", International Journal of Emerging Technologies and Innovative Research (www.jetir.org | UGC and issn Approved), ISSN:2349-5162, Vol.6, Issue 4, page no. pp136-144, April-2019, Available at : http://www.jetir.org/papers/JETIR1904U70.pdf