Skip to main content

Main menu

  • Home
  • Current Issue
  • Past Issues
  • Videos
  • Submit an article
  • More
    • About JSF
    • Editorial Board
    • Published Ahead of Print (PAP)
  • IPR Logo
  • About Us
  • Journals
  • Publish
  • Advertise
  • Videos
  • Webinars
  • More
    • Awards
    • Article Licensing
    • Academic Use
  • Follow IIJ on LinkedIn
  • Follow IIJ on Twitter

User menu

  • Sample our Content
  • Request a demo
  • Log in

Search

  • ADVANCED SEARCH: Discover more content by journal, author or time frame
The Journal of Structured Finance
  • IPR Logo
  • About Us
  • Journals
  • Publish
  • Advertise
  • Videos
  • Webinars
  • More
    • Awards
    • Article Licensing
    • Academic Use
  • Sample our Content
  • Request a demo
  • Log in
The Journal of Structured Finance

The Journal of Structured Finance

ADVANCED SEARCH: Discover more content by journal, author or time frame

  • Home
  • Current Issue
  • Past Issues
  • Videos
  • Submit an article
  • More
    • About JSF
    • Editorial Board
    • Published Ahead of Print (PAP)
  • Follow IIJ on LinkedIn
  • Follow IIJ on Twitter

The Lack of Payment Information from
Financial Institutions Is Causing Problems with Credit Scores

Steven Burrell
The Journal of Structured Finance Spring 2013, 19 (1) 65-70; DOI: https://doi.org/10.3905/jsf.2013.19.1.065
Steven Burrell
is the president of Pairadime Shift Consulting in Toronto, Ontario, Canada.
  • Find this author on Google Scholar
  • Find this author on PubMed
  • Search for this author on this site
  • For correspondence: sburrell@pairadimeshift.com
  • Article
  • Info & Metrics
  • PDF (Subscribers Only)
Loading

Click to login and read the full article.

Don’t have access? Click here to request a demo 
Alternatively, Call a member of the team to discuss membership options
US and Overseas: +1 646-931-9045
UK: 0207 139 1600

Abstract

This article explains what happens to the credit score model when financial institutions do not send payment information on their customers’ credit cards and lines of credit. It explains that this lack of payment information brings three significant problems to the credit score calculation: incorrect credit scores, double reporting, and the credit score game. Because credit scores are a major determinant of how credit agencies calculate risk on asset-backed securities, correcting this problem would improve the risk predictability of those asset-backed securities. Credit bureaus can correct all three problems if they receive information on a consumer’s payment amount from financial institutions, but financial institutions might be unwilling to send the information because they would be giving up too much information about their customers. A recommendation to solve the problem of giving up too much information is to have credit bureaus handle the payment amount data field as private information so that financial institutions can send the data without having to worry about giving up competitive information.

TOPICS: Asset-backed securities (ABS), information providers/credit ratings

  • © 2013 Pageant Media Ltd
View Full Text

Don’t have access? Click here to request a demo

Alternatively, Call a member of the team to discuss membership options

US and Overseas: +1 646-931-9045

UK: 0207 139 1600

Log in using your username and password

Forgot your user name or password?
PreviousNext
Back to top

Explore our content to discover more relevant research

  • By topic
  • Across journals
  • From the experts
  • Monthly highlights
  • Special collections

In this issue

The Journal of Structured Finance: 19 (1)
The Journal of Structured Finance
Vol. 19, Issue 1
Spring 2013
  • Table of Contents
  • Index by author
Print
Download PDF
Article Alerts
Sign In to Email Alerts with your Email Address
Email Article

Thank you for your interest in spreading the word on The Journal of Structured Finance.

NOTE: We only request your email address so that the person you are recommending the page to knows that you wanted them to see it, and that it is not junk mail. We do not capture any email address.

Enter multiple addresses on separate lines or separate them with commas.
The Lack of Payment Information fromFinancial Institutions Is Causing Problems with Credit Scores
(Your Name) has sent you a message from The Journal of Structured Finance
(Your Name) thought you would like to see the The Journal of Structured Finance web site.
CAPTCHA
This question is for testing whether or not you are a human visitor and to prevent automated spam submissions.
Citation Tools
The Lack of Payment Information from
Financial Institutions Is Causing Problems with Credit Scores
Steven Burrell
The Journal of Structured Finance Apr 2013, 19 (1) 65-70; DOI: 10.3905/jsf.2013.19.1.065

Citation Manager Formats

  • BibTeX
  • Bookends
  • EasyBib
  • EndNote (tagged)
  • EndNote 8 (xml)
  • Medlars
  • Mendeley
  • Papers
  • RefWorks Tagged
  • Ref Manager
  • RIS
  • Zotero
Save To My Folders
Share
The Lack of Payment Information from
Financial Institutions Is Causing Problems with Credit Scores
Steven Burrell
The Journal of Structured Finance Apr 2013, 19 (1) 65-70; DOI: 10.3905/jsf.2013.19.1.065
del.icio.us logo Digg logo Reddit logo Twitter logo Facebook logo Google logo LinkedIn logo Mendeley logo
Tweet Widget Facebook Like LinkedIn logo

Jump to section

  • Article
    • Abstract
    • THE STRUCTURE OF HOW CONSUMER ACTION TURNS INTO A RISK CALCULATION
    • WHAT DATA CREDIT BUREAUS COLLECT FROM FINANCIAL INSTITUTIONS
    • HOW FAIR ISAAC CALCULATES CREDIT SCORE
    • INCORRECT CREDIT SCORES
    • DOUBLE REPORTING
    • THE CREDIT SCORE GAME
    • HOW TO SOLVE THESE PROBLEMS
    • ISSUES WITH SENDING PAYMENT INFORMATION
    • THE IMPACT
    • IMPACT ON CANADA
    • IMPACT ON THE UNITED STATES
    • SUMMARY
    • ENDNOTES
    • REFERENCES
  • Info & Metrics
  • PDF (Subscribers Only)
  • PDF (Subscribers Only)

Similar Articles

Cited By...

  • No citing articles found.
  • Google Scholar
LONDON
One London Wall, London, EC2Y 5EA
United Kingdom
+44 207 139 1600
 
NEW YORK
41 Madison Avenue, New York, NY 10010
USA
+1 646 931 9045
pm-research@pageantmedia.com
 

Stay Connected

  • Follow IIJ on LinkedIn
  • Follow IIJ on Twitter

MORE FROM PMR

  • Home
  • Awards
  • Investment Guides
  • Videos
  • About PMR

INFORMATION FOR

  • Academics
  • Agents
  • Authors
  • Content Usage Terms

GET INVOLVED

  • Advertise
  • Publish
  • Article Licensing
  • Contact Us
  • Subscribe Now
  • Log In
  • Update your profile
  • Give us your feedback

© 2022 Pageant Media Ltd | All Rights Reserved | ISSN: 1551-9783 | E-ISSN: 2374-1325

  • Site Map
  • Terms & Conditions
  • Cookies
  • Privacy Policy