Consumers across the country are less of a credit risk, according to a recent report from TransUnion.

TransUnion’s proprietary Credit Risk Index (CRI) declined for the third consecutive quarter, with a 0.9 percent dip from the second quarter, according to statement. On a year-over-year basis, the CRI is 1.9 percent lower than the same time last year.

"The continued decline in the Credit Risk Index is driven by fewer borrowers delinquent on one or more accounts and lower outstanding debt levels," said Chet Wiermanski, global chief scientist at TransUnion. "The gradual decline in the Credit Risk Index, coupled with a 6.5 percent quarterly increase in the demand for credit …. suggests that consumer credit activity will be stronger in terms of quality and volume."

TransUnion: Credit Risk Conditions Improving

by Banker & Tradesman time to read: <1 min
0