This is going to be a very beginner's question.
I have a datset of continues features like LoanAmount, LoanDuration(multiclass?), ... ClientIncome, ClientFreeSources, etc. and a binary target whether a contract was sued or not.
I'm not sure how to approach the problem as I'm fairly new to DS. I can reformulate the target into limited number of values like 5, 11, 18, ... which I think would be probably precieved as multiclass by a model or into continues value expressed in DebtAmount after some work at the SQL Server end.
However, the simple flag Sued 1/0 would be prefered option at the begining if possible. I also wonder how to treat high-cardninality categorical features like post code because the number of new dummy variables which seems to me too high.
Thanks for your answers in advance.