Core Insights - The study suggests that grocery receipts could potentially help build credit files for "credit invisible" borrowers, who currently lack credit records [1][2] - Researchers have found a correlation between grocery shopping behavior and bill payment reliability, indicating that shopping habits may serve as alternative data for credit scoring [3][4] Group 1: Research Findings - The research utilized data from Peruvian consumers, combining loyalty transactions, credit card repayment data, and administrative records to analyze the predictive power of grocery shopping behavior on payment reliability [3] - Consumers who purchased healthier foods were more likely to pay their bills on time, while those who bought less healthy items showed a higher likelihood of missed payments [4] - Consistent shopping patterns, such as shopping on the same day each week and spending similar amounts, were linked to timely bill payments [5] Group 2: Implications for Credit Scoring - The simulation conducted by researchers indicated that incorporating shopping data could increase credit approval rates for borrowers without credit files from 16% to between 31% and 48% [6] - For consumers with established credit histories, adding shopping data had minimal impact on approval outcomes, suggesting its primary use may be in identifying safe candidates for new credit lines [6]