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Research Outline
Prepared for Kirill S. | Delivered April 12, 2022
Credit Scores Correlation to Loan Defaults
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Goals
Provide an overview of how credit scores (FICO) correlate to defaults on consumer debt.
Research how different brackets of the US FICO score correlate to non-payment of consumer debt. Example: credit scores between 500-550 saw average defaults of 2% on car payments, 1% on real estate, etc
Gain an understanding of how credit scores impact defaults.
Include relevant US-based data since 2000 and any impacts of recessions on changes in the data.
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