Factors for credit scoring

[cmajorros]

Dear All, 

I have an issue about selecting factors for credit scorecard. During approval process, I think some conditions such as Downpayment, Financing Amount and etc. might be changed, For example, Customer A intended to pay the downpayment 15% , but after that he/she might be requested from bank to pay 20% .  In implementing the model, we need historical data in the analysis . Which amount should be used the first downpayment (15%) or last downpayment (20%)? It sounds like first downpayment was what customer intend to pay. While last downpayment was the actual payment. So, my question is which one is better?

Look forward to hearing from you soon

Ros

[Reeza]

1. Clarify the definition with the business - VERY IMPORTANT
2. If you're analyzing credit, I would assume the amount paid was actually more significant than the amount intended. You can also test them in the model one at a time and see which provides a better fit.