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Consumer Credit Notes

  • Neighborhood Income and Majority Race/Ethnicity series are not available before Q2 2014 because of the unavailability of 2010 tract identifiers in the CCP data before that quarter. These categories are calculated based on American Community Survey data reported for 2020 census tracts and were allocated to 2010 tracts using a block-tract crosswalk. Performing a second crosswalk allocation to 2000 tracts — the only tract identifiers available before Q2 2014 — would reduce the reliability of the classifications.  
  • Changes in student loan servicers and reporting practices since Q2 2020 have resulted in over- or under-reporting of this debt type by servicers in select quarters. Affected quarters include Q1 2022, Q2 2022, and Q4 2022. Users should interpret student loan and total debt figures from these quarters with caution and avoid comparison to other quarters.
  • The availability of forbearance programs for borrowers with many types of debt, most notably mortgage and student loan debt, expanded substantially in Q2 2020. Generally, accounts that were current before being enrolled in a COVID-19-related forbearance program continued to be reported as current to credit bureaus. For already delinquent accounts, reporting practices varied. More information can be found here. 

All dollar figures are reported in Q1 2023 dollars, adjusted using the Bureau of Economic Analysis Implicit Price Deflator for Personal Consumption Expenditures.