Understanding Changes in Household Debt by Credit Risk Category: The Role of Credit Score Transitions

Posted: 13 Aug 2019 Last revised: 2 Oct 2020

See all articles by Sarena Goodman

Sarena Goodman

Board of Governors of the Federal Reserve System

Steve Ramos

Board of Governors of the Federal Reserve System

Date Written: June, 2019

Abstract

This note analyzes the individual credit records from the FRBNY Consumer Credit Panel/Equifax (CCP) to better understand the extent to which the migration of borrowers between risk categories has contributed to recent evolutions in debt balances by category, focusing on changes during the past few years.

Suggested Citation

Goodman, Sarena and Ramos, Steve, Understanding Changes in Household Debt by Credit Risk Category: The Role of Credit Score Transitions (June, 2019). FEDS Notes No. 2019-06-25, Available at SSRN: https://ssrn.com/abstract=3423261 or http://dx.doi.org/10.17016/2380-7172.2395

Sarena Goodman (Contact Author)

Board of Governors of the Federal Reserve System ( email )

20th Street and Constitution Avenue NW
Washington, DC 20551
United States

Steve Ramos

Board of Governors of the Federal Reserve System

20th Street and Constitution Avenue NW
Washington, DC 20551
United States

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