Information from payday loan providers
The FCA data comprise loan-level records for applications to U.K. payday loan providers from 1, 2012, to December 31, 2013, including first-time and repeat applications january. For thirty-seven lenders running into the cash advance market, whom together constitute 99% associated with the total market by loan amount, the information includes documents of effective loan requests and loan performance (including all about standard and belated repayments). Within these loan providers, extra information ended up being collected for eleven big loan providers whom together constitute about 90% associated with the market by loan amount. Information includes information on unsuccessful applications and also the credit history value assigned every single application. The info set also contains information on company credit choice procedures, including other assessment procedures such as for example fraudulence assessment.
Using the loan-level information given by loan providers, the FCA commissioned a U.K. credit bureau to utilize loan solo fees its matching that is proprietary technology determine unique people. The credit bureau matched pinpointing information that is personalname, target, date of delivery) from company documents to consumer documents within their database, so when doing so additionally matched consumers with their credit files and supplied these towards the FCA. The ensuing data set is a consumer-level information set including almost all consumer loans in addition to the greater part of customer loan requests in 2012-13 and credit that is complete from 2008 to 2014. Continue reading “Loan-Level Information”