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

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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

Return to figure

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

Return to figure

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

Return to figure

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