Differences in data between credit reporting agencies
Abstract
One way to study the effect of errors in credit reports is to have individuals review them and report what they think are inaccuracies. In this chapter, we simply compare data of the same individuals, at the same moment, at different CRAs. If there are differences in the data, at least one is either wrong or incomplete. This is a data-dependent task, but, given that the data is available, neither time-consuming nor reliant on personal memory. It turns out that the data varies substantially: trade line counts, delinquency counts, the number of hard inquiries in the last year, and in what the CRAs have determined about people by going online or in person to courthouses. ...
Get Credit Data and Scoring now with the O’Reilly learning platform.
O’Reilly members experience books, live events, courses curated by job role, and more from O’Reilly and nearly 200 top publishers.
