Linking credit systems and qualifications frameworks - An international comparative analysis
A 1992 study conducted by Arthur Andersen , commissioned by the Associated Credit
Bureaus (now known as the Consumer Data Industry Association) used a different
methodology to conclude that the error rate was much lower. This study reviewed the
behavior of 15,703 consumers who were denied credit based on a credit grantor’ s scoring
system. From this sample, 1,223 consumers (7.8%) requested their credit report from the
issuing credit repository, and 304 consumers (1.9% of the total sample) disputed the
information on the report. Of these, 36 disputes (11.8% of those who disputed, or 0.2%
of the...