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How Monyo Score Works?
The Monyo Score is a proprietary scoring system designed by Insta Monyo to evaluate and quantify the overall financial and influencer health of each user. It combines traditional credit scoring elements with influencer-specific metrics, providing a holistic assessment for influencers seeking an Insta Monyo credit card. Here's a detailed breakdown of how the Monyo Score works.
Credit Score Component
Traditional Credit Score
Insta Monyo utilizes standard credit scoring models, considering factors like payment history, credit utilization, length of credit history, types of credit used, and recent inquiries
Social Score Component
Follower Engagement Metrics
The Monyo Score assesses an influencer's social media engagement, including likes, comments, shares, and overall interaction with the audience.
Monyo Score Weightage
Credit Score Weight: 60%
Emphasizes financial responsibility and traditional creditworthiness.
Monyo Score Weightage
Social Score Weight: 40%
Highlights the influencer's impact, reach, and authenticity
Dynamic Scoring System
Real-Time Data
The Monyo Score adapts to real-time data, considering the influencer's current financial health and social media standing.
Continuous Improvement
Feedback Loop
The Monyo Score system incorporates feedback from influencers, ensuring it remains relevant, fair, and adaptive to the evolving landscape.
