skip title
The Federal Reserve Board eagle logo links to home page

Report to the Congress on Credit Scoring and Its Effects on the Availability and Affordability of Credit


Submitted to the Congress pursuant to section 215 of the Fair and Accurate Credit Transactions Act of 2003
August 2007

printable Print (1.84 MB PDF)

Appendix A

SECTION 215 OF THE FAIR AND ACCURATE CREDIT TRANSACTIONS ACT OF 2003

Sec. 215. Study of Effects of Credit Scores and Credit-Based Insurance Scores on Availability and Affordability of Financial Products.

(a) STUDY REQUIRED.--The Commission and the Board, in consultation with the Office of Fair Housing and Equal Opportunity of the Department of Housing and Urban Development, shall conduct a study of--

(1) the effects of the use of credit scores and credit-based insurance scores on the availability and affordability of financial products and services, including credit cards, mortgages, auto loans, and property and casualty insurance;

(2) the statistical relationship, utilizing a multivariate analysis that controls for prohibited factors under the Equal Credit Opportunity Act and other known risk factors, between credit scores and credit-based insurance scores and the quantifiable risks and actual losses experienced by businesses;

(3) the extent to which, if any, the use of credit scoring models, credit scores, and credit-based insurance scores impact on the availability and affordability of credit and insurance to the extent information is currently available or is available through proxies, by geography, income, ethnicity, race, color, religion, national origin, age, sex, marital status, and creed, including the extent to which the consideration or lack of consideration of certain factors by credit-scoring systems could result in negative or differential treatment of protected classes under the Equal Credit Opportunity Act, and the extent to which, if any, the use of underwriting systems relying on these models could achieve comparable results through the use of factors with less negative impact; and

(4) the extent to which credit-scoring systems are used by businesses, the factors considered by such systems, and the effects of variables which are not considered by such systems.

(b) PUBLIC PARTICIPATION.--The Commission shall seek public input about the prescribed methodology and research design of the study described in subsection (a), including from relevant Federal regulators, State insurance regulators, community, civil rights, consumer, and housing groups.

(c) REPORT REQUIRED.--

(1) IN GENERAL.--Before the end of the 24-month period beginning on the date of enactment of this Act, the Commission shall submit a detailed report on the study conducted pursuant to subsection (a) to the Committee on Financial Services of the House of Representatives and the Committee on Banking, Housing, and Urban Affairs of the Senate.

(2) CONTENTS OF REPORT.--The report submitted under paragraph (1) shall include the findings and conclusions of the Commission, recommendations to address specific areas of concerns addressed in the study, and recommendations for legislative or administrative action that the Commission may determine to be necessary to ensure that credit and credit-based insurance scores are used appropriately and fairly to avoid negative effects.

Back to Contents

Appendix B

The 312 Credit Characteristics in the TransUnion Database of Credit Records
Supplied for This Study

Row
number
Code Credit characteristic
1 AT01 Total number of accounts
2 AT03 Total number of open accounts in good standing
3 AT05 Total number of accounts opened in the past 3 months
4 AT06 Total number of accounts opened in the past 6 months
5 AT07 Total number of accounts opened in the past 12 months
6 AT08 Total number of accounts opened in the past 18 months
7 AT09 Total number of accounts opened in the past 24 months
8 AT10 Total number of open accounts with information confirmed in the past 3 months
9 AT11 Total number of open accounts with information confirmed in the past 6 months
10 AT12 Total number of open accounts with information confirmed in the past 12 months
11 AT13 Total number of open accounts with information confirmed in the past 18 months
12 AT14 Total number of open accounts with information confirmed in the past 24 months
13 AT20 Total number of months since the oldest account was opened
14 AT21 Total number of months since the newest account was opened
15 AT23 Total number of accounts in good standing, opened 3 or more months ago
16 AT24 Total number of accounts in good standing, opened 6 or more months ago
17 AT25 Total number of accounts in good standing, opened 12 or more months ago
18 AT26 Total number of accounts in good standing, opened 18 or more months ago
19 AT27 Total number of accounts in good standing, opened 24 or more months ago
20 AT28 Total maximum credit issued on open accounts reported in the past 12 months
21 AT29 Total number of open accounts reported in the past 12 months with remaining balance larger than zero
22 AT33 Total remaining balance from all open accounts reported in the past 12 months
23 AT34 Percentage of total remaining balance to total maximum credit for all open accounts reported in the past 12 months
24 AT35 Average balance of all open accounts reported in the past 12 months
25 AT36 Total number of months since the most recent account delinquency
26 AT99 Total remaining balances on open accounts updated in the past 12 months; not including mortgages
27 BR03 Total number of open bank revolving accounts in good standing
28 BR20 Total number of months since the oldest bank revolving account was opened
29 BR28 Total maximum credit on all bank revolving accounts reported in the past 12 months
30 BR33 Total remaining balances on all bank revolving accounts reported in the past 12 months
31 FR03 Total number of finance revolving accounts in good standing
32 FR33 Total remaining balances for all open finance revolving accounts reported in the past 12 months
33 FR35 Average remaining balance for all open finance revolving accounts reported in the past 12 months
34 RE03 Total number of open revolving accounts in good standing
35 RE10 Total number of open revolving accounts with information confirmed in the past 3 months
36 RE11 Total number of open revolving accounts with information confirmed in the past 6 months
37 RE12 Total number of open revolving accounts with information confirmed in the past 12 months
38 RE13 Total number of open revolving accounts with information confirmed in the past 18 months
39 RE14 Total number of open revolving accounts with information confirmed in the past 24 months
40 RE20 Total number of months since the oldest revolving account was opened
41 RE28 Total maximum credit on open revolving accounts reported in the past 12 months
42 RE32 Largest remaining balance on an open revolving account reported in the past 12 months
43 RE33 Total remaining balances from all open revolving accounts reported in the past 12 months
44 RE34 Percentage of total remaining balance to total maximum credit for all open revolving accounts reported in the past 12 months
45 RE35 Average balance on all open revolving accounts reported in the past 12 months
46 BI01 Total number of bank installment accounts
47 BI03 Total number of open bank installment accounts in good standing
48 BI05 Total number of bank installment accounts opened in the past 3 months
49 BI06 Total number of bank installment accounts opened in the past 6 months
50 BI07 Total number of bank installment accounts opened in the past 12 months
51 BI08 Total number of bank installment accounts opened in the past 18 months
52 BI09 Total number of bank installment accounts opened in the past 24 months
53 BI20 Total number of months since the oldest bank installment account was opened
54 BI28 Total maximum credit on all bank installment accounts reported in the past 12 months
55 FI01 Total number of finance installment accounts
56 FI03 Total number of open finance installment accounts in good standing
57 FI05 Total number of finance installment accounts opened in the past 3 months
58 FI06 Total number of finance installment accounts opened in the past 6 months
59 FI07 Total number of finance installment accounts opened in the past 12 months
60 FI08 Total number of finance installment accounts opened in the past 18 months
61 FI09 Total number of finance installment accounts opened in the past 24 months
62 IN03 Total number of open installment accounts in good standing
63 IN05 Total number of installment accounts opened in the past 3 months
64 IN06 Total number of installment accounts opened in the past 6 months
65 IN07 Total number of installment accounts opened in the past 12 months
66 IN08 Total number of installment accounts opened in the past 18 months
67 IN09 Total number of installment accounts opened in the past 24 months
68 IN10 Total number of open installment accounts with information confirmed in the past 3 months
69 IN11 Total number of open installment accounts with information confirmed in the past 6 months
70 IN12 Total number of open installment accounts with information confirmed in the past 12 months
71 IN13 Total number of open installment accounts with information confirmed in the past 18 months
72 IN14 Total number of open installment accounts with information confirmed in the past 24 months
73 IN21 Total number of months since the newest installment account was opened
74 IN28 Total maximum credit on open installment accounts reported in the past 12 months
75 IN33 Total remaining balance from all open installment accounts reported in the past 12 months
76 IN34 Percentage of total remaining balance to total maximum credit for all open installment accounts reported in the past 12 months
77 MT01 Total number of mortgage accounts
78 MT02 Total number of open and active mortgage accounts reported in the past 3 months
79 MT03 Total number of open mortgage accounts in good standing
80 MT04 Total number of mortgage accounts that are too new to assess
81 MT20 Total number of months since the oldest mortgage account was opened
82 MT21 Total number of months since the newest mortgage account was opened
83 MT22 Total number of months since the newest open mortgage account was reported
84 MT28 Total maximum credit on open mortgage accounts reported in the past 12 months
85 MT29 Total number of open mortgage accounts reported in the past 12 months with remaining balance larger than zero
86 MT32 Largest remaining balance on an open mortgage account reported in the past 12 months
87 MT33 Total remaining balance from all open mortgage accounts reported in the past 12 months
88 MT34 Percentage of total remaining balance to total maximum credit for all open mortgage accounts reported in the past 12 months
89 MT35 Average remaining balances on all open mortgage accounts reported in the past 12 months
90 MT36 Total number of months since the most recent mortgage account delinquency
91 MT41 Total number of times a mortgage account had a past due payment of 30 days or more
92 MT42 Total number of times a mortgage account had a past due payment of 60 days or more
93 MT43 Total number of times a mortgage account had a past due payment of 90 days or more
94 MT44 Total number of times a mortgage account had a past due payment of 120 days or more
95 MT45 Total number of mortgage accounts that have been involved in bankruptcy, repossession, collections or charged-off
96 MT46 Total number of times a mortgage account had a past due payment of 30 days or more in the previous 6 months
97 MT47 Total number of times a mortgage account had a past due payment of 30 days or more in the previous 12 months
98 MT48 Total number of times a mortgage account had a past due payment of 30 days or more in the previous 24 months
99 MT49 Total number of mortgage accounts with payment currently 30 days or more past due
100 MT50 Total number of mortgage accounts with payment currently 30 days past due
101 MT51 Total number of mortgage accounts with payment currently 60 days past due
102 MT52 Total number of mortgage accounts with payment currently 90 days past due
103 MT53 Total number of mortgage accounts with payment currently 120 days past due
104 MT54 Total number of mortgage accounts with payment currently 150 days past due
105 MT55 Greatest amount of time a payment was late for any mortgage account
106 MT56 Largest past due balance on any mortgage account
107 MT57 Total past due balances on all open mortgage accounts reported in the past 12 months
108 PF02 Total number of open and active personal loan accounts reported in the past 3 months
109 PF03 Total number of open personal loan accounts in good standing
110 PF05 Total number of personal loan accounts opened in the past 3 months
111 PF06 Total number of personal loan accounts opened in the past 6 months
112 PF07 Total number of personal loan accounts opened in the past 12 months
113 PF08 Total number of personal loan accounts opened in the past 18 months
114 PF09 Total number of personal loan accounts opened in the past 24 months
115 PF33 Total remaining balance from all open personal loan accounts reported in the past 12 months
116 PF34 Percentage of total remaining balance to total maximum credit for all open personal loan accounts reported in the past 12 months
117 OF01 Total number of finance/credit union accounts
118 OF03 Total number of open finance/credit union accounts in good standing
119 OF20 Total number of months since the oldest finance/credit union account was opened
120 OF28 Total maximum credit on open finance/credit union accounts reported in the past 12 months
121 OF29 Total number of open finance/credit union accounts reported in the past 12 months with remaining balance larger than zero
122 OF33 Total remaining balance from all open finance/credit union accounts reported in the past 12 months
123 OF36 Total number of months since the most recent finance/credit union account delinquency
124 ON01 Total number of travel and gas card accounts
125 ON03 Total number of open travel and gas card accounts in good standing
126 ON20 Total number of months since the oldest travel and gas card account was opened
127 ON33 Total remaining balance from all open travel and gas card accounts reported in the past 12 months
128 ON34 Percentage of total remaining balance to total maximum credit for all open travel and gas card accounts reported in the past 12 months
129 BC01 Total number of bankcard accounts
130 BC02 Total number of open and active bankcard accounts reported in the past 3 months
131 BC03 Total number of open bankcard accounts in good standing
132 BC05 Total number of bankcard accounts opened in the past 3 months
133 BC06 Total number of bankcard accounts opened in the past 6 months
134 BC07 Total number of bankcard accounts opened in the past 12 months
135 BC08 Total number of bankcard accounts opened in the past 18 months
136 BC09 Total number of bankcard accounts opened in the past 24 months
137 BC10 Total number of open bankcard accounts with information confirmed in the past 3 months
138 BC11 Total number of open bankcard accounts with information confirmed in the past 6 months
139 BC12 Total number of open bankcard accounts with information confirmed in the past 12 months
140 BC13 Total number of open bankcard accounts with information confirmed in the past 18 months
141 BC14 Total number of open bankcard accounts with information confirmed in the past 24 months
142 BC21 Total number of months since the newest bankcard account was opened
143 BC29 Total number of open bankcard accounts reported in the past 12 months with remaining balance larger than zero
144 BC30 Percentage of bankcard accounts with a remaining balance to maximum credit ratio greater than 50%
145 BC31 Percentage of bankcard accounts with a remaining balance to maximum credit issued ratio greater than 75%
146 BC34 Percentage of total remaining balance to total maximum credit for all open bankcard accounts reported in the past 12 months
147 BC35 Average remaining balances on all open bankcard accounts reported in the past 12 months
148 BC36 Total number of months since the most recent bankcard account delinquency
149 BC98 Total available credit remaining on all bankcard accounts reported in the past 12 months
150 PB03 Total number of bankcard accounts with maximum credit greater than $7,500 in good standing
151 PB05 Total number of bankcard accounts with maximum credit greater than $7,500 opened in the past 3 months
152 PB06 Total number of revolving bank accounts with maximum credit greater than $7,500 opened in the past 6 months
153 PB07 Total number of revolving bank accounts with maximum credit greater than $7,500 opened in the past 12 months
154 PB08 Total number of revolving bank accounts with maximum credit greater than $7,500 opened in the past 12 months
155 PB09 Total number of revolving bank accounts with maximum credit greater than $7,500 opened in the past 24 months
156 PB10 Total number of bankcard accounts with maximum credit greater than $7,500 with information confirmed in the past 3 months
157 PB11 Total number of open bankcard accounts with maximum credit greater than $7,500 with information confirmed in the past 6 months
158 PB12 Total number of open bankcard accounts with maximum credit greater than $7,500 with information confirmed in the past 12 months
159 PB13 Total number of open bankcard accounts with maximum credit greater than $7,500 with information confirmed in the past 18 months
160 PB14 Total number of open bankcard accounts with maximum credit greater than $7,500 with information confirmed in the past 24 months
161 PB20 Total number of months since the oldest bankcard account with maximum credit greater than $7,500 was opened
162 PB21 Total number of months since the newest bankcard account with maximum credit greater than $7,500 was opened
163 PB33 Total remaining balance from all open bankcard accounts with maximum credit greater than $7,500 reported in the past 12 months
164 PB35 Average remaining balances on all open bankcard accounts with maximum credit greater than $7,500 reported in the past 12 months
165 RT01 Total number of retail store accounts
166 RT03 Total number of open retail store accounts in good standing
167 RT05 Total number of retail store accounts opened in the past 3 months
168 RT06 Total number of retail store accounts opened in the past 6 months
169 RT07 Total number of retail store accounts opened in the past 12 months
170 RT08 Total number of retail store accounts opened in the past 18 months
171 RT09 Total number of retail store accounts opened in the past 24 months
172 RT10 Total number of open retail store accounts with information confirmed in the past 3 months
173 RT11 Total number of open retail store accounts with information confirmed in the past 6 months
174 RT12 Total number of open retail store accounts with information confirmed in the past 12 months
175 RT13 Total number of open retail store accounts with information confirmed in the past 18 months
176 RT14 Total number of open retail store accounts with information confirmed in the past 24 months
177 RT20 Total number of months since the oldest retail store account was opened
178 RT21 Total number of months since the newest retail store account was opened
179 RT28 Total maximum credit on open retail store accounts reported in the past 12 months
180 RT29 Total number of open retail store accounts reported in the past 12 months with remaining balance larger than zero
181 RT33 Total remaining balance from all open retail store accounts reported in the past 12 months
182 RT34 Percentage of total remaining balance to total maximum credit for all open retail store accounts reported in the past 12 months
183 RT35 Average balance of all open retail store accounts reported in the past 12 months
184 RT36 Total number of months since the most recent reatil store account delinquency
185 UR03 Total number of open upscale retail store accounts in good standing
186 UR05 Total number of upscale retail store accounts opened in the past 3 months
187 UR06 Total number of upscale retail store accounts opened in the past 6 months
188 UR07 Total number of upscale retail store accounts opened in the past 12 months
189 UR08 Total number of upscale retail store accounts opened in the past 18 months
190 UR09 Total number of upscale retail store accounts opened in the past 24 months
191 UR10 Total number of open upscale retail store accounts with information confirmed in the past 3 months
192 UR11 Total number of open upscale retail store accounts with information confirmed in the past 6 months
193 UR12 Total number of open upscale retail store accounts with information confirmed in the past 12 months
194 UR13 Total number of open upscale retail store accounts with information confirmed in the past 18 months
195 UR14 Total number of open upscale retail store accounts with information confirmed in the past 24 months
196 UR20 Total number of months since the oldest upscale retail store account was opened
197 UR21 Total number of months since the newest upscale store account was opened
198 UR28 Total maximum credit on open upscale retail store accounts reported in the past 12 months
199 UR33 Total remaining balance from all open upscale retail store accounts reported in the past 12 months
200 UR35 Average balance of all open upscale retail store accounts reported in the past 12 months
201 DS02 Total number of open and active department store accounts reported in the past 3 months
202 DS03 Total number of open department store accounts in good standing
203 DS04 Total number of department store accounts that are too new to assess
204 DS05 Total number of department store accounts opened in the past 3 months
205 DS06 Total number of department store accounts opened in the past 6 months
206 DS07 Total number of department store accounts opened in the past 12 months
207 DS08 Total number of department store accounts opened in the past 18 months
208 DS09 Total number of department store accounts opened in the past 24 months
209 DS10 Total number of open department store accounts with information confirmed in the past 3 months
210 DS11 Total number of open department store accounts with information confirmed in the past 6 months
211 DS12 Total number of open department store accounts with information confirmed in the past 12 months
212 DS13 Total number of open department store accounts with information confirmed in the past 18 months
213 DS14 Total number of open department store accounts with information confirmed in the past 24 months
214 DS21 Total number of months since the newest department store account was opened
215 DS33 Total remaining balance on all department store accounts reported in the past 12 months
216 DS35 Average balance of all open department store accounts reported in the past 12 months
217 G001 Total number of times in payment history where payments were 30 days past due
218 G002 Total number of times in payment history where payments were 60 days past due
219 G003 Total number of times in payment history where payments were 90 days past due
220 G004 Total number of times in payment history where payments were 120 days past due
221 G005 Total number of times in payment history where payments were 150 days past due
222 G006 Total number of times in payment history where payments were 30 and 60 days past due
223 G007 Total number of times in payment history where payments were 30 days past due or more
224 G008 Total number of times in payment history where payments were 60 days past due or more
225 G009 Total number of times in payment history where payments were 90 days past due or more
226 G016 Total number of accounts with a past due payment equal to but not greater than 30 days past due in the past 3 months
227 G017 Total number of accounts with a past due payment equal to but not greater than 30 days past due in the past 6 months
228 G018 Total number of accounts with a past due payment equal to but not greater than 30 days past due in the past 12 months
229 G019 Total number of accounts with a past due payment equal to but not greater than 30 days past due in the past 18 months
230 G020 Total number of accounts with a past due payment equal to but not greater than 30 days past due in the past 24 months
231 G021 Total number of accounts with a past due payment equal to but not greater than 60 days past due in the past 3 months
232 G022 Total number of accounts with a past due payment equal to but not greater than 60 days past due in the past 6 months
233 G023 Total number of accounts with payments currently 60 days past due and reported in the past 12 months or payment history illustrates previous payments were 60 days past due in the past 6 months
234 G024 Total number of accounts with a past due payment equal to but not greater than 60 days past due in the past 18 months
235 G025 Total number of accounts with a past due payment equal to but not greater than 60 days past due in the past 24 months
236 G026 Total number of accounts with a past due payment equal to but not greater than 90 days past due in the past 3 months
237 G027 Total number of accounts with a past due payment equal to but not greater than 90 days past due in the past 6 months
238 G028 Total number of accounts with a past due payment equal to but not greater than 90 days past due in the past 12 months
239 G029 Total number of accounts with a past due payment equal to but not greater than 90 days past due in the past 18 months
240 G030 Total number of accounts with a past due payment equal to but not greater than 90 days past due in the past 24 months
241 G041 Total number of accounts that have payments that were ever 30 or more days past due
242 G042 Total number of accounts that have payments that were ever 60 or more days past due
243 G043 Total number of accounts that have payments that were ever 90 or more days past due
244 G044 Total number of accounts that have payments that were ever 120 or more days past due
245 G045 Total number of accounts that have payments that were ever 150 or more days past due
246 G046 Total number of accounts that have payments that were never 30 or more days past due
247 G047 Total number of accounts that have payments that were never 60 or more days past due
248 G048 Total number of accounts that have payments that were never 90 or more days past due
249 G049 Total number of accounts that have payments that were never 120 or more days past due
250 G050 Total number of accounts that have payments that were never 150 or more days past due
251 G051 Percentage of accounts with no late payments reported
252 G057 Number accounts that have payments that are currently or previously 30 or more days past due within the past 3 months
253 G058 Number accounts that have payments that are currently or previously 30 or more days past due within the past 6 months
254 G059 Number accounts that have payments that are currently or previously 30 or more days past due within the past 12 months
255 G060 Number accounts that have payments that are currently or previously 30 or more days past due within the past 18 months
256 G061 Number accounts that have payments that are currently or previously 30 or more days past due within the past 24 months
257 G062 Number accounts that have payments that are currently or previously 60 or more days past due within the past 3 months
258 G063 Number accounts that have payments that are currently or previously 60 or more days past due within the past 6 months
259 G064 Number accounts that have payments that are currently or previously 60 or more days past due within the past 12 months
260 G065 Number accounts that have payments that are currently or previously 60 or more days past due within the past 18 months
261 G066 Number accounts that have payments that are currently or previously 60 or more days past due within the past 24 months
262 G067 Number accounts that have payments that are currently or previously 90 or more days past due within the past 3 months
263 G068 Number accounts that have payments that are currently or previously 90 or more days past due within the past 6 months
264 G069 Number accounts that have payments that are currently or previously 90 or more days past due within the past 12 months
265 G070 Number accounts that have payments that are currently or previously 90 or more days past due within the past 18 months
266 G071 Number accounts that have payments that are currently or previously 90 or more days past due within the past 24 months
267 G082 Total number of accounts currently past due 30 days or more in the past 2 months
268 G083 Total number of accounts currently past due 30 days in the past 2 months
269 G084 Total number of accounts currently past due 60 days in the past 2 months
270 G085 Total number of accounts currently past due 90 days in the past 2 months
271 G086 Total number of accounts currently past due 120 days in the past 2 months
272 G087 Total number of accounts currently past due 150 days in the past 2 months
273 G088 Total number of accounts currently less than 120 days past due in the past 2 months
274 G089 Greatest amount of time a payment was late ever on an account
275 G091 Total past due balances reported in the past 12 months
276 G093 Total number of dergoratory public records
277 G094 Total number of public records related to a bankruptcy
278 G095 Total number of months since the most recent occurrence of a derogatory public record
279 G096 Total number of inquiries for credit
280 G098 Total number of inquiries for credit in the past 6 months
281 G102 Total number of months since the most recent inquiry for credit
282 G103 Total number of months since the most recent update on an account
283 G104 Total number of months consumer has had a credit report
284 S004 Average age of accounts on credit report
285 S008 Total number of finance accounts confirmed in the past 12 months
286 S009 Total number of bank, finance, personal, national or travel/entertainment revolving accounts
287 S010 Total number of bank, finance, personal, national or travel/entertainment revolving accounts in good standing
288 S011 Total number of open accounts
289 S012 Total number of open revolving accounts
290 S014 Total number of open finance installment accounts
291 S015 Total number of open bank revolving accounts with maximum credit greater than or equal to $5,000 reported in the past 12 months
292 S018 Total number of finance accounts opened in the past 12 months
293 S019 Total number of open personal finance installment accounts reported in the past 12 months
294 S020 Total number of open personal finance revolving accounts reported in the past 12 months
295 S027 Total number of months since the newest finance account was opened
296 S040 Largest maximum credit amount on all open retail store accounts reported in the past 12 months
297 S043 Total number of open non-installment accounts with a remaining balance to maximum credit issued ratio greater than 50% reported in the past 12 months
298 S046 Percentage of accounts that are open and active with a remaining balance greater than $0 reported in the past 12 months
299 S054 Total number of different credit issuers
300 S055 Total number of unique account numbers
301 S059 Total number of public records and derogatory accounts with an amount owed greater than $100
302 S060 Total number of accounts involved in bankruptcy, repossession, collections or charge off
303 S061 Total number of months since the most recent status on an account was 60 days or more past due
304 S062 Total number of months since the most recent status on an account was 90 days or more past due
305 S063 Total amounts held liable for all public records reported in the past 12 months
306 S064 Total the amount ever owed for all accounts sent to collection
307 S065 Total number of legal holds or claims against real estate for unpaid taxes
308 S066 Total number of accounts disputed by the consumer
309 S078 Percentage of total remaining balance to total maximum credit for all open personal finance revolving accounts reported in the past 12 months
310 S079 Percentage of total remaining balance to total maximum credit for all open department store and clothing store revolving accounts reported in the past 12 months
311 S114 Total number of credit inquiries made in the past 6 months not including auto or real estate credit inquiries
312 S115 Total number of credit inquiries made by a finance company

Back to Contents

Appendix C

The 19 Credit Characteristics Selected from the TransUnion Database for Use in the FRB Base Model Scorecards

Row
number
from
Appendix B
Code Credit characteristic
18 AT26 Total number of accounts in good standing, opened 18 or more months ago
20 AT28 Total maximum credit issued on open accounts reported in the past 12 months
25 AT36 Total number of months since the most recent account delinquency
44 RE34 Percentage of total remaining balance to total maximum credit for all open revolving accounts reported in the past 12 months
76 IN34 Percentage of total remaining balance to total maximum credit for all open installment accounts reported in the past 12 months
146 BC34 Percentage of total remaining balance to total maximum credit for all open bankcard accounts reported in the past 12 months
251 G051 Percentage of accounts with no late payments reported
256 G061 Number accounts that have payments that are currently or previously 30 or more days past due within the past 24 months
273 G088 Total number of accounts currently less than 120 days past due in the past 2 months
274 G089 Greatest amount of time a payment was late ever on an account
278 G095 Total number of months since the most recent occurrence of a derogatory public record
279 G096 Total number of inquiries for credit
282 G103 Total number of months since the most recent update on an account
284 S004 Average age of accounts on credit report
293 S019 Total number of open personal finance installment accounts reported in the past 12 months
297 S043 Total number of open non-installment accounts with a remaining balance to maximum credit issued ratio greater than 50% reported in the past 12 months
298 S046 Percentage of accounts that are open and active with a remaining balance greater than $0 reported in the past 12 months
299 S054 Total number of different credit issuers
301 S059 Total number of public records and derogatory accounts with an amount owed greater than $100

Note. Tables 12.A--C show which of these characteristics were used on each of.three FRB base-model scorecards. Refer to appendix B for all characteristics in the TransUnion database.

Back to Contents