What is BloomScore and how does it work?

BloomScore is a dynamic and inclusive indicator of an individual's likelihood to pay debts that adapts to the maturity of a user's credit history. The initial Bloom release computes a simple score based on past debt obligations and payment history. Each phase is scored differently in order to optimally fit the information available. This phased approach ensures that new and long-time users are treated appropriately, instead of 18 year olds and 99 year olds being scored using the same scoring system. For more, please see page 9 of the whitepaper (PDF): https://bloom.co/whitepaper.pdf