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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.

Information Sharing and SMME Financing in South Africa: A Survey of the Landscape
September 2008
Conducted by: PERC

This report focuses on the current state of credit access for small, medium and micro-enterprises in South Africa.

Financial Impacts of Disaster: What We Can Learn from Credit File Data
August 2008
Conducted by: PERC

This report sheds additional light on the impact and aftermath of Hurricane Katrina.

The Structure of Information Sharing and Credit Access: Lessons for Policy
July 2008
Conducted by: PERC

This white paper, produced for the Asia-Pacific Credit Coalition, outlines recent developments in the economic impact of information sharing in consumer credit markets.

Economic Fairness Through Smarter Lending: Some Factors to Consider on the Eve of Brazilian Credit Reporting Reform
October 2007
Conducted by: PERC

Researchers survey and analyze the more comprehensive and systematic of the studies to detail important lessons to consider on the eve of credit reporting reform in Brazil.

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.

Recovery, Renewal, and Resiliency: Gulf Coast Small Businesses Two Years Later
August 2007
Conducted by: PERC

The first PERC survey of small businesses in New Orleans and other FEMA-declared disaster areas in the wake of the 2005 hurricanes finds disparate impacts among different segments of business owners.

The Impact of Provider- Identifiable Data on Healthcare Quality and Cost
April 2007
Conducted by: PERC

This study examines the uses of provider-identifiable data within the U.S. healthcare system.

On the Impact of Credit Payment Reporting on the Financial Sector and Overall Economic Performance in Japan
March 2007
Conducted by: PERC

This study compares the fragmented Japanese consumer credit reporting regime with a hypothetical comprehensive one.
Practices of the Consumer Credit Industry in Soliciting and Extending Credit and Their Effects on Consumer Debt and Insolvency
June 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.
Financial Privacy: The Economics of Opt-In vs. Opt-Out Purpose of Study: FCRA Reauthorization
February 12, 2004
Conducted by: Congressional Research Service

This report focuses on the economics of financial privacy in the context of the opt-out/opt-in debate, and considers the implications of a regulatory change.

The Fair Credit Reporting Act: Access, Efficiency and Opportunity - Part II
September 2003
Conducted by: PERC

This study examines degradation in predictive power of a generic commercial scoring model, even when that model is "re-optimized" or "retooled" to account for simulated data restrictions.

The Fair Credit Reporting Act: Access, Efficiency, and Opportunity
June 2003
Conducted by: PERC/Information Policy Institute

This is PERC's landmark study on reauthorization of the Fair Credit Reporting Act. This study was the primary document used by Congress during the reauthorization.