The steps of credit scoring simply varies from environment to environment you’re building the score. The implementation and credit environment defines your variable possibilities, your data sampling, models you can use and obviously your final output.
Here on this website, I will try to adapt a set of process flow where it could be adaptable to such differences in environments. Though I am more familiar with SAS Enterprise Miner in my practical work, I will use the coding in R software as it is available for free use and open to different flexible packages.
So based on different environments, we can follow below path.Below are the steps, click on each to learn the details: