The Equifax Subprime Credit Population Rate is an estimate of the percentage of the population, age 18 and older and with a credit history, with a credit score below 660. According to Fair Isaac Corporation (FICO), approximately 90 percent of U.S. population has a credit history. Good credit allows Southeast Michigan's residents to finance significant investments like mortgages, vehicles, and home improvements - propelling our economy forward.
Equifax and Federal Reserve Bank of New York, Equifax Subprime Credit Population, retrieved from FRED, Federal Reserve Bank of St. Louis.