Write a summary to introduce the following informationCredit score cards are a common risk control method in the financial industry It uses personal information and data submitted by credit card appli

Credit score cards are a widely used risk control method in the financial industry. They use personal information and historical data to predict the likelihood of future defaults and determine whether to issue a credit card to an applicant. Logistic regression is a common method for credit scoring, but newer machine learning algorithms such as Boosting, Random Forest, and Support Vector Machines are becoming more popular. However, these methods may lack transparency in explaining decisions to customers and regulators