TransUnion today announced that its proprietary Risk Index is the lowest it has been in five years in the United States, and the median consumer credit score has grown sharply since last year. The TransUnion Risk Index measures the relative risk of default with the lower the value the better the credit risk. The Index has improved from 120 in 2000 to 109 in 2005. TransUnion announced that the median consumer credit score has risen six points – from 676 to 682 – since the first quarter of 2004. Consumer credit scores have gradually been rising over the last two years, but this marks the first substantial increase since the second quarter of 2000. "Changes in the TransUnion Risk Index are a reflection of a variety of factors that include population shifts, regional and na...
Get Inman via Facebook Messenger
Our top headlines delivered once a day.