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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

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Tables for Figures 12.

Figure 12. Correlations of the 19 Credit Characteristics in the FRB Base Model with Any-Account Performance and with Selected Demographic Characteristics

Note. The list of 19 credit characteristics is in appendix C. Refer also to the note to figure 11.



Figure 12. Correlations of the 19 Credit Characteristics in the FRB Base Model with Any-Account Performance and with Selected Demographic Characteristics
Black
Correlation with
performance
Correlation with
Black
Type of characteristic
0.440 0.109 Payment history
0.399 0.094 Payment history
0.369 0.066 Payment history
0.307 0.081 Amounts owed
0.299 0.064 Payment history
0.261 0.031 Payment history
0.261 0.068 Amounts owed
0.207 0.053 Amounts owed
0.104 0.020 Payment history
0.085 0.005 Payment history
0.085 0.025 Payment history
0.074 0.012 New credit
0.069 0.018 Length of credit history
0.038 0.008 Types of credit in use
0.035 0.012 Amounts owed
0.022 0.001 Amounts owed
0.019 0.006 Length of credit history
0.019 0.013 Types of credit in use
0.013 0.002 Amounts owed

Figure 12. Correlations of the 19 Credit Characteristics in the FRB Base Model with Any-Account Performance and with Selected Demographic Characteristics
Hispanic
Correlation with
performance
Correlation with
Hispanic
Type of characteristic
0.440 0.018 Payment history
0.399 0.018 Payment history
0.369 0.015 Payment history
0.307 0.015 Amounts owed
0.299 0.006 Payment history
0.261 0.006 Payment history
0.261 0.016 Amounts owed
0.207 0.009 Amounts owed
0.104 0.000 Payment history
0.085 0.001 Payment history
0.085 0.007 Payment history
0.074 0.005 New credit
0.069 0.020 Length of credit history
0.038 0.004 Types of credit in use
0.035 0.003 Amounts owed
0.022 0.001 Amounts owed
0.019 0.001 Length of credit history
0.019 0.004 Types of credit in use
0.013 0.000 Amounts owed

Figure 12. Correlations of the 19 Credit Characteristics in the FRB Base Model with Any-Account Performance and with Selected Demographic Characteristics
Asian
Correlation with
performance
Correlation with
Asian
Type of characteristic
0.440 0.001 Payment history
0.399 0.001 Payment history
0.369 0.001 Payment history
0.307 0.001 Amounts owed
0.299 0.001 Payment history
0.261 0.000 Payment history
0.261 0.001 Amounts owed
0.207 0.002 Amounts owed
0.104 0.001 Payment history
0.085 0.000 Payment history
0.085 0.000 Payment history
0.074 0.000 New credit
0.069 0.007 Length of credit history
0.038 0.001 Types of credit in use
0.035 0.001 Amounts owed
0.022 0.000 Amounts owed
0.019 0.000 Length of credit history
0.019 0.000 Types of credit in use
0.013 0.002 Amounts owed

Figure 12. Correlations of the 19 Credit Characteristics in the FRB Base Model with Any-Account Performance and with Selected Demographic Characteristics
Racial or ethnic minority (SSA data)
Correlation with
performance
Correlation with
racial or ethnic
minorities
Type of characteristic
0.440 0.062 Payment history
0.399 0.057 Payment history
0.369 0.042 Payment history
0.307 0.047 Amounts owed
0.299 0.032 Payment history
0.261 0.019 Payment history
0.261 0.043 Amounts owed
0.207 0.028 Amounts owed
0.104 0.007 Payment history
0.085 0.003 Payment history
0.085 0.019 Payment history
0.074 0.011 New credit
0.069 0.032 Length of credit history
0.038 0.005 Types of credit in use
0.035 0.007 Amounts owed
0.022 0.001 Amounts owed
0.019 0.003 Length of credit history
0.019 0.011 Types of credit in use
0.013 0.001 Amounts owed

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Figure 12. Correlations of the 19 Credit Characteristics in the FRB Base Model with Any-Account Performance and with Selected Demographic Characteristics
Foreign-born
Correlation with
performance
Correlation with
foreign-born
Type of characteristic
0.440 0.001 Payment history
0.399 0.000 Payment history
0.369 0.000 Payment history
0.307 0.001 Amounts owed
0.299 0.001 Payment history
0.261 0.000 Payment history
0.261 0.001 Amounts owed
0.207 0.001 Amounts owed
0.104 0.000 Payment history
0.085 0.000 Payment history
0.085 0.000 Payment history
0.074 0.003 New credit
0.069 0.011 Length of credit history
0.038 0.000 Types of credit in use
0.035 0.001 Amounts owed
0.022 0.000 Amounts owed
0.019 0.000 Length of credit history
0.019 0.000 Types of credit in use
0.013 0.001 Amounts owed

Figure 12. Correlations of the 19 Credit Characteristics in the FRB Base Model with Any-Account Performance and with Selected Demographic Characteristics
Recent immigrant
Correlation with
performance
Correlation with
recent immigrant
Type of characteristic
0.440 0.001 Payment history
0.399 0.001 Payment history
0.369 0.001 Payment history
0.307 0.000 Amounts owed
0.299 0.001 Payment history
0.261 0.000 Payment history
0.261 0.000 Amounts owed
0.207 0.000 Amounts owed
0.104 0.001 Payment history
0.085 0.000 Payment history
0.085 0.002 Payment history
0.074 0.002 New credit
0.069 0.015 Length of credit history
0.038 0.000 Types of credit in use
0.035 0.000 Amounts owed
0.022 0.000 Amounts owed
0.019 0.000 Length of credit history
0.019 0.003 Types of credit in use
0.013 0.000 Amounts owed

Figure 12. Correlations of the 19 Credit Characteristics in the FRB Base Model with Any-Account Performance and with Selected Demographic Characteristics
Female
Correlation with
performance
Correlation with
female
Type of characteristic
0.440 0.000 Payment history
0.399 0.000 Payment history
0.369 0.000 Payment history
0.307 0.002 Amounts owed
0.299 0.000 Payment history
0.261 0.000 Payment history
0.261 0.001 Amounts owed
0.207 0.005 Amounts owed
0.104 0.001 Payment history
0.085 0.000 Payment history
0.085 0.007 Payment history
0.074 0.002 New credit
0.069 0.000 Length of credit history
0.038 0.001 Types of credit in use
0.035 0.002 Amounts owed
0.022 0.001 Amounts owed
0.019 0.000 Length of credit history
0.019 0.003 Types of credit in use
0.013 0.003 Amounts owed

Figure 12. Correlations of the 19 Credit Characteristics in the FRB Base Model with Any-Account Performance and with Selected Demographic Characteristics
Rural
Correlation with
performance
Correlation
  with rural      
Type of characteristic
0.440 0.000 Payment history
0.399 0.000 Payment history
0.369 0.000 Payment history
0.307 0.002 Amounts owed
0.299 0.000 Payment history
0.261 0.000 Payment history
0.261 0.001 Amounts owed
0.207 0.001 Amounts owed
0.104 0.000 Payment history
0.085 0.000 Payment history
0.085 0.004 Payment history
0.074 0.002 New credit
0.069 0.001 Length of credit history
0.038 0.001 Types of credit in use
0.035 0.006 Amounts owed
0.022 0.001 Amounts owed
0.019 0.000 Length of credit history
0.019 0.004 Types of credit in use
0.013 0.001 Amounts owed

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Figure 12. Correlations of the 19 Credit Characteristics in the FRB Base Model with Any-Account Performance and with Selected Demographic Characteristics
Single male
Correlation with
performance
Correlation with
single male
Type of characteristic
0.440 0.034 Payment history
0.399 0.027 Payment history
0.369 0.016 Payment history
0.307 0.028 Amounts owed
0.299 0.018 Payment history
0.261 0.006 Payment history
0.261 0.026 Amounts owed
0.207 0.020 Amounts owed
0.104 0.004 Payment history
0.085 0.001 Payment history
0.085 0.032 Payment history
0.074 0.003 New credit
0.069 0.022 Length of credit history
0.038 0.000 Types of credit in use
0.035 0.017 Amounts owed
0.022 0.000 Amounts owed
0.019 0.003 Length of credit history
0.019 0.027 Types of credit in use
0.013 0.003 Amounts owed

Figure 12. Correlations of the 19 Credit Characteristics in the FRB Base Model with Any-Account Performance and with Selected Demographic Characteristics
Married female
Correlation with
performance
Correlation with
married female
Type of characteristic
0.440 0.000 Payment history
0.399 0.000 Payment history
0.369 0.000 Payment history
0.307 0.002 Amounts owed
0.299 0.000 Payment history
0.261 0.000 Payment history
0.261 0.001 Amounts owed
0.207 0.006 Amounts owed
0.104 0.001 Payment history
0.085 0.000 Payment history
0.085 0.007 Payment history
0.074 0.003 New credit
0.069 0.002 Length of credit history
0.038 0.002 Types of credit in use
0.035 0.001 Amounts owed
0.022 0.000 Amounts owed
0.019 0.000 Length of credit history
0.019 0.002 Types of credit in use
0.013 0.005 Amounts owed

Figure 12. Correlations of the 19 Credit Characteristics in the FRB Base Model with Any-Account Performance and with Selected Demographic Characteristics
Single female
Correlation with
performance
Correlation with
single female
Type of characteristic
0.440 0.032 Payment history
0.399 0.025 Payment history
0.369 0.016 Payment history
0.307 0.018 Amounts owed
0.299 0.019 Payment history
0.261 0.009 Payment history
0.261 0.025 Amounts owed
0.207 0.012 Amounts owed
0.104 0.002 Payment history
0.085 0.001 Payment history
0.085 0.007 Payment history
0.074 0.000 New credit
0.069 0.021 Length of credit history
0.038 0.002 Types of credit in use
0.035 0.031 Amounts owed
0.022 0.001 Amounts owed
0.019 0.002 Length of credit history
0.019 0.011 Types of credit in use
0.013 0.008 Amounts owed

Figure 12. Correlations of the 19 Credit Characteristics in the FRB Base Model with Any-Account Performance and with Selected Demographic Characteristics
Age (SSA data)
Correlation with
performance
Correlation
      with age      
Type of characteristic
0.440 0.072 Payment history
0.399 0.055 Payment history
0.369 0.053 Payment history
0.307 0.105 Amounts owed
0.299 0.026 Payment history
0.261 0.021 Payment history
0.261 0.076 Amounts owed
0.207 0.116 Amounts owed
0.104 0.007 Payment history
0.085 0.004 Payment history
0.085 0.034 Payment history
0.074 0.070 New credit
0.069 0.405 Length of credit history
0.038 0.007 Types of credit in use
0.035 0.000 Amounts owed
0.022 0.006 Amounts owed
0.019 0.002 Length of credit history
0.019 0.004 Types of credit in use
0.013 0.076 Amounts owed

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