Consumer credit risk decreases

© Scanpix/AFP

Consumer credit risk fell for seventh consecutive quarter as consumers try to strengthen financial position, reported TransUnion, a credit data firm. The company's risk index declined by 4.9% in the Q3 to 120.62. However, the decrease in credit risk seems to ease as there is slight increase in the usage of credit cards and applications for credit, said Chet Wiermanski, global chief scientist at TransUnion.