This is the first of a 3-parts series. This post aims at 2 groups of audience. The first group has learned the underlying theories of credit scorecards but have yet seen a detailed application of the theories. The second group is practitioners who are already well-versed with the theories and the applications, but would like to explore developing credit scorecards using a open-source software such as R. 1.0 Introduction The methodologies and processes of developing credit scorecards for lending purposes have been a long-held intellectual property of financial institutions and consulting firms.

Why putting up a blog? Totally by accident, I came across a book written by the developer of blogdown. After spending less than one hour reading the first chapter, it seemed to me that I can put up a blog site fairly quickly. I decided to take up the challenge and the result is this site. Note In fact, if one has some basic knowledge about RStudio and strictly follows the book’s Chapter 1 and the first page of Chapter 3, a bare-bone site can be up and running within 2 to 3 hours.