CFED Scorecard

Financial Assets & Income

Outcome Measures

Income Poverty Rate

Asset Poverty Rate

Asset Poverty by Race

Asset Poverty by Gender

Asset Poverty by Family Structure

Liquid Asset Poverty Rate

Liquid Asset Poverty by Race

Liquid Asset Poverty by Gender

Liquid Asset Poverty by Family Structure

Extreme Asset Poverty Rate

Net Worth

Net Worth by Race

Net Worth by Income

Net Worth by Gender

Net Worth by Family Structure

Unbanked Households

Underbanked Households

Consumers with Subprime Credit

Borrowers 90+ Days Overdue

Average Credit Card Debt

Bankruptcy Rate

Policy Priorities

Tax Credits for Working Families

State IDA Program Support

Lifting Asset Limits in Public Benefit Programs

Protections from Predatory Short-Term Loans

Additional Policies

Income Tax Threshold

Tax Burden by Income

Prize-Linked Savings

Paperless Payday

Trend Indicators

Change in Net Worth

Change in Asset Poverty

Change in Liquid Asset Poverty

Businesses & Jobs

Housing & Homeownership

Health Care

Education

CFED Assets & Opportunity Scorecard

Consumers with Subprime Credit

Definition

Percentage of consumers with a TransUnion TransRisk Score at or below 700 (on a scale of 150-934), Quarter 3, 2011.

Description

Credit is an important asset. Good credit opens the door to safe and affordable capital, which helps households weather emergencies, build assets and climb the economic ladder. 

Consumers with subprime credit are at a significant disadvantage in the financial marketplace. Without good credit, consumers pay higher interest rates than other consumers on everything from credit cards to car loans to mortgages. Credit scores also play a major role in setting home and auto insurance premiums and are increasingly checked as part of applications for jobs and rental housing.

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Consumers with Subprime Credit

StatePercent of Consumers
with Subprime Credit (%)
Rank
United States  55.8%   
Alabama  61.8%  43 
Alaska  55.3%  30 
Arizona  60.0%  40 
Arkansas  63.2%  45 
California  56.2%  32 
Colorado  51.3%  18 
Connecticut  48.0% 
Delaware  56.2%  33 
District of Columbia  56.7%  34 
Florida  60.7%  41 
Georgia  64.5%  48 
Hawaii  48.4%  10 
Idaho  53.1%  25 
Illinois  54.6%  27 
Indiana  57.2%  35 
Iowa  45.9% 
Kansas  51.8%  22 
Kentucky  59.1%  38 
Louisiana  64.4%  47 
Maine  52.6%  24 
Maryland  54.8%  29 
Massachusetts  46.4% 
Michigan  54.3%  26 
Minnesota  43.2% 
Mississippi  68.7%  51 
Missouri  55.5%  31 
Montana  48.1% 
Nebraska  47.3% 
Nevada  67.3%  50 
New Hampshire  49.8%  13 
New Jersey  50.9%  17 
New Mexico  61.1%  42 
New York  51.6%  20 
North Carolina  57.8%  36 
North Dakota  42.2% 
Ohio  54.7%  28 
Oklahoma  62.6%  44 
Oregon  50.7%  15 
Pennsylvania  50.0%  14 
Rhode Island  51.7%  21 
South Carolina  63.7%  46 
South Dakota  45.5% 
Tennessee  59.5%  39 
Texas  65.1%  49 
Utah  50.8%  16 
Vermont  46.0% 
Virginia  52.3%  23 
Washington  49.0%  11 
West Virginia  58.3%  37 
Wisconsin  49.2%  12 
Wyoming  51.5%  19 

Source

Trend Data. Chicago, IL: TransUnion, 2011.

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