Alternative credit scoring, which uses nontraditional data to judge creditworthiness, is a new and unregulated financial tool, but could provide help to many Americans currently left out of the financial system, legal studies assistant professor Lindsay Sain Jones told Marketplace. “What I would like to see is that we explore alternatives — things like utility payments, checking and savings account balances, account history, rental payment histories,” she said. Sain Jones, who researches the law as it applies to emerging FinTech businesses, added that a more inclusive credit score could weigh payments more logically associated with a borrower’s credit risk.
The Savannah metro area has seen phenomenal growth in the past year, but the coast, and Georgia, have grown gradually for decades, Selig Center for Economic Growth director Jeff Humphreys told the Savannah Morning News. “In other words, a lot of people have been moving south from the Rust Belt, from the snow belt, from the Northeast to the Sun Belt, and particularly the southeast. So, Georgia and all of our neighbors, especially Florida, have seen above-average population growth,” he said. He explained that job numbers drive migration and added that 1 in 10 jobs in Georgia are directly or indirectly tied to the Georgia Ports Authority.