Predicting Loan Default using Machine Learning with MindsDB

A loan is money borrowed to someone (the debtor) with the intent to pay back at an agreed date. Ideally, things should go as planned but when the debtor fails to pay the person they borrowed the loan from (the creditor), the debtor is said to have defaulted on the loan. It is then important for creditors/loan companies to know/predict if a certain debtor will default or not. This is a problem that machine learning solves, this is a classification machine learning problem. As with every machine learning problem, data is the major ingredient in solving it.