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The Sunshine State’s CRI rose 3.14 percent betweeb the fourth quarter of last year and the first quartere ofthis year. Nationwide, the credit risk increasd 1.98 percent from 124.79 in the fourth quarter of last yearto 127.26 in the firsg quarter of this year. The Credit Risk Index is definexd as the weighted average probabilit yof 90-day delinquency or worsre among consumers in a given region relative to the nationn as a whole, according to TransUnion. “Credit Risk Indexz data suggest that the growth in consumer creditf risk has slowed during the past apositive note.
However, the index remainds at an all-time historicap high, indicating that delinquencies and foreclosures will continuew to rise in the coming Chet Wiermanski, global chief scientist at TransUnioh said in a news release. Mississippi ranked at the riskiest state in the nation with a CRIof 166.45 followec by Texas (162.59), Nevada (158.97), South Carolina and Louisiana (153.84). The least riskyt states include: North Dakota (82.02), Minnesotq (88.53), Vermont (91.82), Soutj Dakota (94.75) and Iowa (95.26). , TransUnion reported that credit card delinquency rates rose in the first quarterr with bank card delinquencie s up 11percent year-over-year.
Thursday, April 21, 2011
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