Consumer Bureau: Scoring thin credit files

Very interesting article on the consumer bureau data published by Nilson Report in their September 2007 issue and posted on Lexis Nexis website.

Excerpts from the article, for more read from Lexis Nexis Website:

The three major credit bureaus – Equifax, Experian, and TransUnion — maintain records on 172 million adults that contain enough data on file to create a credit score using automated systems. Those adults represent 75% of the total adult
population in the U.S. There are another 24 million adults about whom the credit bureaus have no information at all. And falling between those files even if the person has not yet established a tradeline. Full files by comparison average 13 to 14 tradelines that have been updated in the last six months.