U.K. credit bureau files contain six-year documents of most debt and credit products held with a customer. We make use of the “raw” credit file, which gives item-by-item information on all credit and financial obligation applications and services and products held with month-to-month stability and documents of delinquency and standard for every single item. From the credit report information, we build four kinds of result factors: First, application for the loan details that look as credit “checks” on consumer credit files. Second, credit balance variables that assess the services and products held by the customer, the credit that is total regarding the consumer’s profile plus specific balances for each item held (bank cards, signature loans, house credit, mail purchase products, hire purchase items, home loan services and products, pay day loan services and products, current records, utility bill accounts, as well as other services and products). 3rd, measures of bad credit activities, such as the number that is total of (including late) re payments on all credit responsibilities, plus missed re payments by credit item kind. 4th, creditworthiness results, including total balances in default and delinquency, standard and delinquency balances indicated as a percentage of total credit balances, and indicators for individual insolvency activities such as for instance bankruptcy, which will be an event that is rare the United Kingdom. 8 This category comes with credit history information.