Efficacy of Credit Scoring and Credit Reporting Systems

Credit scoring systems, made possible by full-file reporting, promote lower costs of credit to wider groups of consumers.

PERC Report and FTC Report Share a Number of Similarities

April 2013 | Conducted by: PERC
Comparing FTC and PERC Studies on Measuring the Accuracy of U.S. Consumer Credit Reports.


Credit Score Basics, Part 1: What's Behind Credit Scores?

October 2011 | Conducted by: VantageScore Solutions, LLC
This white paper, published by VantageScore Solutions, LLC, examines appropriate use of a credit score as an indicator of the likelihood of default, and how to interpret a credit score value.


Credit Score Basics, Part 2: An Overview of Ways Lenders use Credit Scores for Credit Approvals

October 2011 | Conducted by: VantageScore Solutions, LLC
This white paper, published by VantageScore Solutions, LLC, provides an overview of ways lenders use credit scores: for evaluating new credit applications, for identifying potential new customers, and for monitoring the continuing credit status of current customers.


Credit Score Basics, Part 3: Achieving the Same Risk Interpretation from Different Models with Different Ranges

October 2011 | Conducted by: VantageScore Solutions, LLC
This white paper, published by VantageScore Solutions, LLC, reviews methodologies for interpreting risk as estimated by different models using different score ranges.


U.S. Consumer Credit Reports: Measuring Accuracy and Dispute Impacts

May 2011 | Conducted by: PERC
This study assesses the accuracy and quality of data collected and maintained by the three national credit reporting companies. It finds that less than one percent of credit reports have errors that could adversely impact consumers.


Credit Scoring and Its Effects on the Availability and Affordability of Credit

August 2007 | Conducted by: Board of Governors Federal Reserve System
The Fair and Accurate Credit Transactions Act of 2003 directed the Federal Reserve Board and the Federal Trade Commission (FTC) to study the effects of credit scoring on credit and insurance markets and to report their findings to Congress.


Practices of the Consumer Credit Industry in Soliciting and Extending Credit and Their Effects on Consumer Debt and Insolvency

July 2006 | Conducted by: Board of Governors, Federal Reserve System
This study reports on the methods by which issuers of consumer credit target solicitations for credit and those to whom they will provide credit.