Urban Community Credit Scores: Exploring the Use of Urban Geography and Geographical Information Systems

17 Pages Posted: 22 Jul 2014

See all articles by MiEsha Strickland, MAHLP, MPA (DHA)

MiEsha Strickland, MAHLP, MPA (DHA)

Franklin University; Hofstra University - Maurice A. Deane School of Law, Students ; Cleveland State University - Maxine Goodman Levin College of Urban Affairs

Date Written: May 14, 2014

Abstract

While social security numbers are issued by the Social Security Administration (SSA) for the purpose of collecting revenue and distributing benefits and to manage data for that purpose, the three major credit bureaus and other agencies use these numbers to identify individuals for other purposes. The credit reporting agencies or bureaus also create credit profiles and credit scores to analyze risk factors for employers, banks, property managers, and many other lenders concerning people seeking credit. However, credit bureau agencies also compile data on target groups and compare the controlled data to compose individual credit scores, which is attached to individual social security numbers. Additionally, the credit agencies create maps based on the geographical and demographic information of consumers in a given area and use these geographic information systems (GIS) to compare the data to the highest scores in the United States to create a comparative score score. Therefore, the credit bureau data may help create lower credit scores and unequal lending opportunities, higher interest rates, racial steering, segregation, and discrimination against the population in urban communities.

Keywords: Credits scores, Housing Discrimination, Poverty, Credit reporting, Racial Coding

JEL Classification: J18, J68, J15, H42, J78, Q15, Q48, Z10

Suggested Citation

Strickland, MiEsha, Urban Community Credit Scores: Exploring the Use of Urban Geography and Geographical Information Systems (May 14, 2014). Available at SSRN: https://ssrn.com/abstract=2458256 or http://dx.doi.org/10.2139/ssrn.2458256

MiEsha Strickland (Contact Author)

Franklin University ( email )

201 S. Grant Avenue
Columbus, OH 43215
United States

Hofstra University - Maurice A. Deane School of Law, Students ( email )

Hempstead, NY
United States
216-835-6698 (Phone)

Cleveland State University - Maxine Goodman Levin College of Urban Affairs ( email )

1717 Euclid Avenue
Cleveland, OH 44115
United States

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