Report on the Use of Remittance Histories in Credit Scoring
Title | Report on the Use of Remittance Histories in Credit Scoring PDF eBook |
Author | Consumer Financial Consumer Financial Protection Bureau |
Publisher | CreateSpace |
Pages | 36 |
Release | 2015-06-03 |
Genre | |
ISBN | 9781514189559 |
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.
Report on the Use of Remittance Histories in Credit Scoring
Title | Report on the Use of Remittance Histories in Credit Scoring PDF eBook |
Author | Consumer Financial Consumer Financial Protection Bureau |
Publisher | Createspace Independent Publishing Platform |
Pages | 36 |
Release | 2016-01-12 |
Genre | |
ISBN | 9781523355099 |
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.
United States Code
Title | United States Code PDF eBook |
Author | United States |
Publisher | Government Printing Office |
Pages | 1462 |
Release | 1983 |
Genre | Law |
ISBN |
United States Code
Title | United States Code PDF eBook |
Author | United States |
Publisher | |
Pages | 1478 |
Release | 2012 |
Genre | Law |
ISBN |
Journal of the House of Representatives of the United States
Title | Journal of the House of Representatives of the United States PDF eBook |
Author | United States. Congress. House |
Publisher | |
Pages | 1778 |
Release | 2004 |
Genre | CD-ROMs |
ISBN |
Some vols. include supplemental journals of "such proceedings of the sessions, as, during the time they were depending, were ordered to be kept secret, and respecting which the injunction of secrecy was afterwards taken off by the order of the House".
Consumer Financial Protection Efforts
Title | Consumer Financial Protection Efforts PDF eBook |
Author | United States. Congress. House. Committee on Oversight and Government Reform |
Publisher | |
Pages | 120 |
Release | 2012 |
Genre | Business & Economics |
ISBN |
Congressional Record
Title | Congressional Record PDF eBook |
Author | United States. Congress |
Publisher | |
Pages | 1284 |
Release | 2009 |
Genre | Law |
ISBN |