Chance News 99 reported the following story:
The online lender ZestFinance Inc. found that people who fill out their loan applications using all capital letters default more often than people who use all lowercase letters, and more often still than people who use uppercase and lowercase letters correctly.
ZestFinance Chief Executive Douglas Merrill says the company looks at tens of thousands of signals when making a loan, and it doesn’t consider the capital-letter factor as significant as some other factors—such as income when linked with expenses and the local cost of living.
So while it may take capital letters into consideration when evaluating an application, it hasn’t held a loan up because of it.
Submitted by Paul Alper
If it weren’t an “online lender,” ZestFinance could take into account applications signed in crayon. 😉
Chance News collects stories with a statistical or probability angle. Some of them can be quite amusing.