What question did this study set out to answer?

To assess the structure, regulatory environment, and analytical reliability of consumer credit bureau data used to evaluate individual debt status and credit quality.

January 1, 2003Federal Reserve BulletinOpen Access

An Overview of Consumer Data and Credit Reporting

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Authors

RARobert B. AveryUniversity of Southern California PCPaul S. CalemUniversity of Southern California GCGlenn B. CannerUniversity of Southern California

Discussion

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Implication

Descriptive evaluation reveals substantial data incompleteness and ambiguity in credit reports from United States consumers, highlighting the need for systemic data quality reforms.

Key Points

To assess the structure, regulatory environment, and analytical reliability of consumer credit bureau data used to evaluate individual debt status and credit quality.
Examined de-identified credit records from a nationally representative sample of U.S. consumers obtained from a major national consumer reporting company.
Analyzed industry data compilation practices, regulatory frameworks, and key reporting dimensions for data completeness, duplication, and ambiguity.
Identified critical data limitations across consumer credit records, prominently including omitted account histories, duplicate liability entries, and ambiguous repayment statuses.
Determined that systemic compilation methods and inconsistent data reporting by creditors introduce ambiguities that impair precise credit evaluation.

Cite This Study

Avery et al. (2003) studied this question.

synapsesocial.com/papers/6a8557906615ae7d6e4e1941 https://doi.org/10.17016/bulletin.2003.89-2

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Implication

Descriptive evaluation reveals substantial data incompleteness and ambiguity in credit reports from United States consumers, highlighting the need for systemic data quality reforms.

An Overview of Consumer Data and Credit Reporting

Discussion

Member takes

Implication

Key Points

Cite This Study

An Overview of Consumer Data and Credit Reporting

Discussion

Member takes

Implication

Key Points

Cite This Study

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