Missed calls and your phone model will in the future determine whether one can get a loan or buy goods on instalment. While credit companies have typically relied on information gathered by financial institutions, now more and more personal data will influence decision-making. The longer someone uses the same telco’s services, the more financially reliable their loan-payment history is while customers who frequently change operators demonstrate a higher level of risk. Many missed calls points to a frequent debtor as creditors get useful insights about whether a potential customer often fails to answer incoming calls. It turns out the most financially reliable were those in the last two groups.

Source: The Star October 27, 2020 00:56 UTC