Dallas Fed: credit conditions improved for most in 2020

dallas-fed
The Federal Reserve Bank of Dallas
Photo: Andreas Praefcke

A Dallas Fed study focusing on Texas found that stimulus spending and bank forbearance supported average credit scores, but communities with more immigrants did not benefit as much from pandemic measures.

The research, described in a blogpost by Wenhua Di and Chloe Smith, uses data from the New York Fed consumer credit survey and compares January 2020 with January 2021. Di and Smith find that the average Equifax credit score in Texas rose by nine points during this period. Mortgage

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