In the last few years, credit card issuers have become one of the major consumer lending products in the U.S. as well as several other developed nations of the world, representing roughly 30 of total consumer lending USD 3.6 tn in 2016 . Credit cards issued by banks hold the majority of the market share with approximately 70 of the total outstanding balance. Bank’s credit card charge offs have stabilized after the financial crisis to around 3 of the outstanding total balance. However, there are still differences in the credit card charge off levels between different competitors. Harsh Nautiyal | Ayush Jyala | Dishank Bhandari "A Review on Credit Card Default Modelling using Data Science" Published in International Journal of Trend in Scientific Research and Development (ijtsrd), ISSN: 2456-6470, Special Issue | International Conference on Advances in Engineering, Science and Technology - 2021 , May 2021, URL: https://www.ijtsrd.com/papers/ijtsrd42461.pdf Paper URL : https://www.ijtsrd.com/engineering/computer-engineering/42461/a-review-on-credit-card-default-modelling-using-data-science/harsh-nautiyal
International Journal of Trend in Scientific Research and Development (IJTSRD)
Special Issue: International Conference on Advances in Engineering, Science and Technology – 2021
Organized by: Uttaranchal Institute of Technology, Uttaranchal University, Dehradun
Available Online: www.ijtsrd.com e-ISSN: 2456 – 6470
@ IJTSRD | Unique Paper ID – IJTSRD42461 | ICAEST-21 | May 2021
Page 22
A Review on Credit Card Default Modelling using Data Science
Harsh Nautiyal, Ayush Jyala, Dishank Bhandari
UIT, Uttaranchal University, Dehradun, Uttarakhand, India
How to cite this paper: Harsh Nautiyal | Ayush
Jyala | Dishank Bhandari "A Review on Credit Card
Default Modelling using Data Science" Published in
International Journal of Trend in Scientific Research
and Development (ijtsrd), ISSN: 2456-6470, Special
Issue | International Conference on Advances in
Engineering, Science and Technology – 2021, May
2021,
pp.22-28,
URL:
www.ijtsrd.com/papers/ijtsrd42461.pdf
Copyright © 2021 by author(s) and
International Journal of Trend in Scientific
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1. INTRODUCTION
In the last few years, credit card issuers have become one of
the major consumer lending products in the U.S. as well as
several other developed nations of the world, representing
roughly 30% of total consumer lending (USD 3.6 tn in 2016).
Credit cards issued by banks hold the majority of the market
share with approximately 70% of the total outstanding
balance. Bank’s credit card charge offs have stabilized after
the financial crisis to around 3% of the outstanding total
balance. However, there are still differences in the credit
card charge off levels between different competitors.
Credit card is a flexible tool by which you can use bank’s
money for a short period of time. If you accept a credit card,
you agree to