More than 80 percent of American adults had at least one credit card in 2020, according to the Federal Reserve. The average American has 3.84 credit cards, according to the most recent data from Experian.
-Credit card default happens when a borrower does not make the required payments.
-This imposes a massive risk on credit card companies. There needs to be a way to identify such customers beforehand and flag them.
-Goal: Identify the features which we can predict whether a customer will default on their credit card payment or not.
-Data set: American Express https://www.kaggle.com/datasets/pradip11/amexpert-codelab-2021?select=train.csv