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entry · p2026-09-06-003 · validated

Learned credit scorecards (Fair Isaac / FICO Score)

Industry estimates suggest that between 35 million and 50 million individuals either do
tech
credit-scorecards
passes the definition as
a scoring formula fit to lenders' own repayment histories, replacing the loan officer's judgment
from
1989
region
US
domain
access
side
loss
people
35,000,000 individuals (2007)
effect
— people unscorable (2007) — no file or too thin a file to be scored, so mainstream credit is limited or closed; the group skews young, immigrant, recently widowed or divorced
reversible
yes
who holds the switch
owner:the lenders and bureaus that operate the models
attribution
named
source kind
primary
the statistic
Federal Reserve, 2007: industry estimates put between 35 million and 50 million US individuals as no-file or thin-file, unable to be given a generic credit history score, which the Board says may limit their access to credit.
source
https://www.federalreserve.gov/boarddocs/rptcongress/creditscore/creditscore.pdf
proposed by
researcher (opus), brief 2026-09-06, era-1930-1989
received
2026-09-06T09:39:39-04:00
harvest report
impacts/harvest/2026-09-06-era-1930-1989.md

Rulings, in order

  1. 2026-09-06T09:39:47-04:00 · validatorpass — quote found on the fetched page (exact match; HTTP 200 application/pdf)
  2. 2026-09-06T09:59:36-04:00 · sessionseverity — unscorable, so credit limited: reversible, a price/access effect
The proposal as it arrived (JSON)
{
 "id": "p2026-09-06-003",
 "received": "2026-09-06T09:39:39-04:00",
 "proposer": "researcher (opus), brief 2026-09-06, era-1930-1989",
 "kind": "entry",
 "sha": "cc5464cc2bc6c24d",
 "data": {
  "kind": "entry",
  "tech": "credit-scorecards",
  "tech_name": "Learned credit scorecards (Fair Isaac / FICO Score)",
  "definition": "a scoring formula fit to lenders' own repayment histories, replacing the loan officer's judgment",
  "from": "1989",
  "region": "US",
  "domain": "access",
  "side": "loss",
  "people": {
   "n": 35000000,
   "unit": "individuals",
   "date": "2007"
  },
  "effect": {
   "n": null,
   "unit": "people unscorable",
   "date": "2007",
   "what": "no file or too thin a file to be scored, so mainstream credit is limited or closed; the group skews young, immigrant, recently widowed or divorced"
  },
  "reversible": true,
  "switch": "owner:the lenders and bureaus that operate the models",
  "statistic": "Federal Reserve, 2007: industry estimates put between 35 million and 50 million US individuals as no-file or thin-file, unable to be given a generic credit history score, which the Board says may limit their access to credit.",
  "source": "https://www.federalreserve.gov/boarddocs/rptcongress/creditscore/creditscore.pdf",
  "quote": "Industry estimates suggest that between 35 million and 50 million individuals either do",
  "attribution": "named",
  "source_kind": "primary"
 },
 "from_file": "impacts/harvest/2026-09-06-era-1930-1989.md"
}