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Credit Scoring and the Revolution in Debt

How a number changed lending (and got some Americans in over their heads)

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Related Links

Athreya, Kartik, Xuan S. Tam, and Eric R. Young. "A Quantitative Theory of Information and Unsecured Credit." American Economic Journal: Macroeconomics, July 2012, vol. 4, no. 3, pp. 153-183. (Article available online by subscription.)

Einav, Liran, Mark Jenkins, and Jonathan Levin. "The Impact of Credit Scoring on Consumer Lending." RAND Journal of Economics, Summer 2013, vol. 44, no. 2, pp. 249-274.

Hunt, Robert M. "A Century of Consumer Credit Reporting in America." Federal Reserve Bank of Philadelphia Working Paper no. 05-13, June 2005.

Report to the Congress on Credit Scoring and Its Effects on the Availability and Affordability of Credit. Board of Governors of the Federal Reserve System, August 2007.

Sánchez, Juan. "The IT Revolution and the Unsecured Credit Market." Federal Reserve Bank of St. Louis Working Paper no. 2010-022B, August 2010.

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