Credits to individuals – Analysis of the data recorded by the Central Individual Credit Register
AbstractSince 1 June 2003 the file of the Central Individual Credit Register has recorded information relating to all consumer credits and mortgage loans contracted by natural persons for private purposes, as well as any payment defaults resulting from these loans. This registration aims to strengthen the means of preventing the excessive indebtedness of private individuals. On demand of the Accompanying Committee of the Central Individual Credit Register the data of this unique and quasi exhaustive database have been thoroughly analysed in 2005. In the article, some of the results of that analysis, which was published in January 2006 in Working Paper n° 78, are given. More specifically, the article investigates borrowing and payment behavior according to debtor characteristics. The analysis finds that borrowing patterns, especially as credit portfolio composition is concerned, clearly diverge according to age and residence. Furthermore, striking differences were found for the percentage of loan defaults if these variables were taken into account. In particular, the article comes to the conclusion that loan defaults aggregated at the regional level show remarkably strong correlations with economic and demographic factors.
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Bibliographic InfoArticle provided by National Bank of Belgium in its journal Economic Review.
Volume (Year): (2006)
Issue (Month): I (June)
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credit bureau; consumer credits; mortgage loans; loan payment defaults;
Find related papers by JEL classification:
- D14 - Microeconomics - - Household Behavior - - - Household Saving; Personal Finance
- D18 - Microeconomics - - Household Behavior - - - Consumer Protection
- G21 - Financial Economics - - Financial Institutions and Services - - - Banks; Other Depository Institutions; Micro Finance Institutions; Mortgages
- G22 - Financial Economics - - Financial Institutions and Services - - - Insurance; Insurance Companies; Actuarial Studies
- G29 - Financial Economics - - Financial Institutions and Services - - - Other
- R29 - Urban, Rural, Regional, Real Estate, and Transportation Economics - - Household Analysis - - - Other
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