FICO: Fall in Russian Consumers’ Credit Health Halted – For Now

Posted by Joachim Bartels | Feb 16, 2014 | Country Risk Information, FICO (Fair Isaac), Russia, Uncategorized | 0 |

The two-year decline in Russian’s credit health has stabilized. FICO and the National Bureau of Credit Histories (NBKI), Russia’s leading credit bureau, announced new figures showing that Russian borrowers’ credit repayment delinquencies remained stable from October 2013 to January 2014. This was the first time in 18 months that the country’s FICO® Credit Health Index did not decrease from the previous quarter. This is good news, but one quarter’s results do not make a trend, says FICO.As FICO did when the index was falling, FICO urges risk managers to carefully monitor origination practices, manage revolving credit limits carefully, and increase customer education. This is a market where many people have little experience of credit – help them understand what is expected of them as a borrower.

Source: Bankinganalyticsblog.fico.com

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Joachim Bartels

Joachim C Bartels is a co-founder, director, head of information resources and Editor-in-Chief of BIIA. In his capacity as Editor-in-Chief he is responsible for the selection of relevant information content concerning industry insights, trends, technological developments, standards and policies impacting BIIA members in particular and the business information industry in general.

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