Use of Credit Information Beyond Lending
Author: United States. Congress. House. Committee on Financial Services. Subcommittee on Financial Institutions and Consumer Credit
Publisher:
Published: 2010
Total Pages: 264
ISBN-13:
DOWNLOAD EBOOK →Author: United States. Congress. House. Committee on Financial Services. Subcommittee on Financial Institutions and Consumer Credit
Publisher:
Published: 2010
Total Pages: 264
ISBN-13:
DOWNLOAD EBOOK →Author: United States. Congress
Publisher: Createspace Independent Publishing Platform
Published: 2017-12-31
Total Pages: 264
ISBN-13: 9781983449659
DOWNLOAD EBOOK →Use of credit information beyond lending : issues and reform proposals : hearing before the Subcommittee on Financial Institutions and Consumer Credit of the Committee on Financial Services, U.S. House of Representatives, One Hundred Eleventh Congress, second session, May 12, 2010.
Author: United States House of Representatives
Publisher:
Published: 2019-10-26
Total Pages: 264
ISBN-13: 9781702797870
DOWNLOAD EBOOK →Use of credit information beyond lending: issues and reform proposals: hearing before the Subcommittee on Financial Institutions and Consumer Credit of the Committee on Financial Services, U.S. House of Representatives, One Hundred Eleventh Congress, second session, May 12, 2010.
Author: United States. Congress. House. Committee on Financial Services. Subcommittee on Financial Institutions and Consumer Credit
Publisher:
Published: 2010
Total Pages:
ISBN-13:
DOWNLOAD EBOOK →Author: Consumer Financial Consumer Financial Protection Bureau
Publisher: Createspace Independent Publishing Platform
Published: 2016-01-12
Total Pages: 36
ISBN-13: 9781523355099
DOWNLOAD EBOOK →Credit scoring uses statistical modeling to predict whether a consumer will default on his or her debts. The quantitative estimates that these methods produce, called "credit scores," allow lenders to rank order consumers in terms of the credit risk they pose and are used pervasively in all aspects of consumer lending. As a result, having a good credit score is important for credit access. Moreover, since credit scores, or other scores generated from credit report information such as insurance scores, can be used for underwriting other financial services products, including checking accounts and property and casualty insurance, a good credit score and credit report may provide benefits beyond credit access. While there are many different types of scoring models, those based on credit history information, such as the FICO and VantageScore, are the most widely used. These models generally rely on the credit histories compiled by nationwide credit reporting agencies (NCRAs). These records detail the credit accounts each consumer has held (called "tradelines"), collection agency accounts, monetary-related public records (e.g., tax liens, bankruptcy filings), and records of inquiries made by lenders in connection with a consumer-initiated credit application.
Author: Consumer Financial Consumer Financial Protection Bureau
Publisher: CreateSpace
Published: 2015-06-03
Total Pages: 36
ISBN-13: 9781514189559
DOWNLOAD EBOOK →Credit scoring uses statistical modeling to predict whether a consumer will default on his or her debts. The quantitative estimates that these methods produce, called "credit scores," allow lenders to rank order consumers in terms of the credit risk they pose and are used pervasively in all aspects of consumer lending. As a result, having a good credit score is important for credit access. Moreover, since credit scores, or other scores generated from credit report information such as insurance scores, can be used for underwriting other financial services products, including checking accounts and property and casualty insurance, a good credit score and credit report may provide benefits beyond credit access. While there are many different types of scoring models, those based on credit history information, such as the FICO and VantageScore, are the most widely used. These models generally rely on the credit histories compiled by nationwide credit reporting agencies (NCRAs). These records detail the credit accounts each consumer has held (called "tradelines"), collection agency accounts, monetary-related public records (e.g., tax liens, bankruptcy filings), and records of inquiries made by lenders in connection with a consumer-initiated credit application.
Author: Thomas A. Durkin
Publisher: Financial Management Associati
Published: 2014
Total Pages: 737
ISBN-13: 0195169921
DOWNLOAD EBOOK →This article provides an introduction to a law review symposium by the Journal of Law, Economics, and Policy on our book (co-authored with Michael E. Staten), Consumer Credit and the American Economy (Oxford 2014). The conference, held November 2014, collects several articles responding to and building on the research agenda laid out by our book. For those who have not read the book, this article is intended to summarize several of the main themes of the book, including discussion of economic models of consumer credit usage, trends in consumer credit usage over time, the use of high-cost credit, and behavioral economics.
Author: United States. Congress. House. Committee on Financial Services
Publisher:
Published: 2011
Total Pages: 256
ISBN-13:
DOWNLOAD EBOOK →