Commercial banks play a major role in
economic growth of a country through provision of credit. The need for consumer
credit and use of credit cards as a financial payment method is continuously
increasing. Credit default has been a major challenge for bankers as it poses
chances of losses that might be hard to revert. Credit card defaulters are on
the rise too. Being able to predict what type of customer has the highest
chances of defaulting can help banks make more informed decisions about who
they lend their money to.