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Ask Ralph: Christian Finance

How AI in Lending Could Hurt Your Chances of a Loan | Ask Ralph Podcast

In this episode of the Ask Ralph Podcast, host Ralph Estep Jr. explores the risks and opportunities of AI in lending. While algorithms can analyze more data faster, making lending decisions based solely on numbers risks creating an inefficient system that favors the financially secure while leaving the struggling behind. The episode emphasizes that while AI and data analytics have a role to play, the human element of understanding unique circumstances, exercising judgment, and showing empathy should not be replaced.

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00:00 Episode Overview
01:47 Potential Benefits of AI
02:22 Potential Downsides of AI
04:31 The Risks of an AI-only Approach
04:55 Bible Verse
05:34 The Human Connection
06:17 What Can Be Done?
07:24 Final Thoughts
07:38 Outro