As much as I hate credit cards, when you are just starting a business, its hard to pull capital straight out of your wallet, for most of us. In the past, Its hard for entrpreneurs to give accurate information when your income maybe be amazing one month and non-existent the next, due to the volitile nature of starting a business. I'd like to also see a program that tailors to the ebb and flow of your income stream for people that have unpredictable income.
Just cuz it doesn't exist now, doesnt mean it cant. You know, kind of like the income based student loan payback, but for credit cards. (With obvious limits, if you make minimum wage, you probably have no business borrowing 5 million dollars. XD)
That would be a game chnager for sure. It would also be FAIR since everyone is at the mercy of the market. XD
FInances are a difficult topic, and I liked that you implemented different customer types. That is a bold and unheard of move. Excellent choice!
You're right. As someone who does freelancing, I understand the feeling that one minute you're shopping and the next minute you're considering if homelessness is as bad as they say 🤣🤣
Freelancers and entrepreneur do face irregular income patterns. I was actually basing the project on three customer types at first: freelancers, salaried workers, and small businesses with custom data generation and ML training. But with less than 2 weeks for the prototype, we had to make a decision: the perfect the ML models or focus on the TigerDB database capabilities?
I went for the later and we used the safe "Give Me Some Credit" model and focused our innovation on making TimescaleDB think like a credit analyst.
Yeahhh... The current system punishes non-traditional income even when someone's successful and growing. A freelancer making
variable income will be misrepresented. That's not just unfair - it stifles entrepreneurship.
Your vision is very much feasible. I am working on an architecture that can track real-time income patterns, payment behavior during high/low periods, and customer-specific risk profiles. Dynamic payment schedules that adjust to actual monthly income are the natural next step.
I got the inspiration for the project when I heard about @Moniepoint expansion and wanted their attention. I also wanted to finally dive into MLOps.
Thanks for validating we're solving a real problem. The future of credit should understand that freelancers and entrepreneurs aren't really "risky", they are just different.
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As much as I hate credit cards, when you are just starting a business, its hard to pull capital straight out of your wallet, for most of us. In the past, Its hard for entrpreneurs to give accurate information when your income maybe be amazing one month and non-existent the next, due to the volitile nature of starting a business. I'd like to also see a program that tailors to the ebb and flow of your income stream for people that have unpredictable income.
Just cuz it doesn't exist now, doesnt mean it cant. You know, kind of like the income based student loan payback, but for credit cards. (With obvious limits, if you make minimum wage, you probably have no business borrowing 5 million dollars. XD)
That would be a game chnager for sure. It would also be FAIR since everyone is at the mercy of the market. XD
FInances are a difficult topic, and I liked that you implemented different customer types. That is a bold and unheard of move. Excellent choice!
Hiii Anna! @annavi11arrea1
Thank you for your feedback!
You're right. As someone who does freelancing, I understand the feeling that one minute you're shopping and the next minute you're considering if homelessness is as bad as they say 🤣🤣
Freelancers and entrepreneur do face irregular income patterns. I was actually basing the project on three customer types at first: freelancers, salaried workers, and small businesses with custom data generation and ML training. But with less than 2 weeks for the prototype, we had to make a decision: the perfect the ML models or focus on the TigerDB database capabilities?
I went for the later and we used the safe "Give Me Some Credit" model and focused our innovation on making TimescaleDB think like a credit analyst.
Yeahhh... The current system punishes non-traditional income even when someone's successful and growing. A freelancer making
variable income will be misrepresented. That's not just unfair - it stifles entrepreneurship.
Your vision is very much feasible. I am working on an architecture that can track real-time income patterns, payment behavior during high/low periods, and customer-specific risk profiles. Dynamic payment schedules that adjust to actual monthly income are the natural next step.
I got the inspiration for the project when I heard about @Moniepoint expansion and wanted their attention. I also wanted to finally dive into MLOps.
Thanks for validating we're solving a real problem. The future of credit should understand that freelancers and entrepreneurs aren't really "risky", they are just different.