---
title: "Making Alternative Credit Scores the Norm: How to Create a New Scoring Model"
description: "The way we currently measure potential borrowers’ and other customers’ creditworthiness is broken. Read the alternative scoring whitepaper."
canonical: "https://www.explorium.ai/resource/making-alternative-credit-scores-the-norm-how-to-create-a-new-scoring-model/"
last-updated: "2023-04-17"
---

# Making Alternative Credit Scores the Norm: How to Create a New Scoring Model

> The way we currently measure potential borrowers’ and other customers’ creditworthiness is broken. Read the alternative scoring whitepaper.

- Canonical URL: https://www.explorium.ai/resource/making-alternative-credit-scores-the-norm-how-to-create-a-new-scoring-model/
- Last updated: 2023-04-17

**The way we currently measure potential borrowers’ and other customers’ creditworthiness is broken.** The credit scores that have become the gold standard are narrow, opaque, and easily manipulated measures that reward financial risk-taking and ignore responsible behaviors. It seems like those who don’t borrow are punished.

Is there a better way to measure creditworthiness? It starts with using data that can provide a broader picture of borrowers’ financial behavior and responsibility. Then it’s all about building alternative scoring models that look at more than just how much borrowers have borrowed in the past.

**This whitepaper discusses: **

 	- Why the current credit scoring model is outdated and in need of an upgrade

 	- The alternative scoring and alternative data that offers a better understanding of customers

 	- How to go about building a smarter, more accurate credit scoring model