Unscoreable: How the Credit Reporting Agencies Exclude Latinos, Younger Consumers, Low-Income Consumers, and Immigrants

Abstract

This written statement focuses on how the credit scoring system is biased against low-income consumers, consumers of color, younger consumers, and immigrants through information and stories from our Affiliates. It also focuses on how this bias excludes or extremely limits these same consumers from accessing credit, in addition to affecting their ability to obtain employment, rent an apartment, turn on their utilities, or access health insurance. In short, it discusses how the current credit scoring system affects almost every economic aspect of the lives of everyday Americans, especially Latinos.