For the Chapter 6 blog post, I would like you to read the interactive session Credit Bureau Errors: Big People Problems. Then, in a detailed response, answer questions 1-4 on page 233.
1- Assess the business impact of credit bureaus' data quality problems for the credit bureaus, for lenders, for individuals.
Business impact of credit bureaus' data quality problems for the credit bureau, the lender and customers. The bureau the understand the importance of providing accurate information to both consumers. But they also recognize that their own systems are responsible for many credit-report errors. Some mistakes occur because if the procedures for matching loans to individual credit reports. Several problems happens because procedures matching the loans for the individual credit reports. The ability to pay back a loan, and can affect the interest rate and other terms of a loan, including whether a loan will be granted in the first place. It can even affect the changes of finding or keeping a job: At least one- third of employers check credit reports when making hiring, firing or promotion decisions. -----------
2- Are any ethical issues raised by credit bureaus's data quality problems? Explain your answer.
A lot ethical issues by credit bureau. For example in our real life, from what I see many companies collected personal information from different sources and share them with other companies.
------------------------
3- Analyze the management, organization, and technology factors responsible for credit bureaus's data quality problem.
Management and organization and technology factors are responsible for credit bureaus's data quality problem. Management is using technology and organized the information to know what's the amount for the payment. Sometime there is some mistake in the database and it will give wrong information for credit bureaus
-----------------------
4-What can be done to solve these problems?
From my opinion to solve some problem like that, I think the management must organized the database to use it in the technology with more care. The representive for the database must type for the individuals the correct information.
1- Assess the business impact of credit bureaus' data quality problems for the credit bureaus, for lenders, for individuals.
ReplyDeleteBusiness impact of credit bureaus' data quality problems for the credit bureau, the lender and customers. The bureau the understand the importance of providing accurate information to both consumers. But they also recognize that their own systems are responsible for many credit-report errors. Some mistakes occur because if the procedures for matching loans to individual credit reports. Several problems happens because procedures matching the loans for the individual credit reports. The ability to pay back a loan, and can affect the interest rate and other terms of a loan, including whether a loan will be granted in the first place. It can even affect the changes of finding or keeping a job: At least one- third of employers check credit reports when making hiring, firing or promotion decisions.
-----------
2- Are any ethical issues raised by credit bureaus's data quality problems? Explain your answer.
A lot ethical issues by credit bureau. For example in our real life, from what I see many companies collected personal information from different sources and share them with other companies.
------------------------
3- Analyze the management, organization, and technology factors responsible for credit bureaus's data quality problem.
Management and organization and technology factors are responsible for credit bureaus's data quality problem. Management is using technology and organized the information to know what's the amount for the payment. Sometime there is some mistake in the database and it will give wrong information for credit bureaus
-----------------------
4-What can be done to solve these problems?
From my opinion to solve some problem like that, I think the management must organized the database to use it in the technology with more care. The representive for the database must type for the individuals the correct information.
Good. Full credit.
ReplyDelete