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How UK consumer credit is improving

The recent years how consumers spend and use credit has changed. Here's a breakdown of the best (and worst) UK scores, where those people live, and what male and female names are more likely to have good or bad credit.

UK credit scores infographic

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THE BIG SCORE

HOW UK CONSUMER CREDIT IS IMPROVING 

The last several years have seen many changes to the global economy, particularly in terms of how consumers spend and use credit. It appears that since 2009, consumer credit scores in the UK have been increasing. Here’s a breakdown of whose scores are the best (and worst), where they live, and how something as simple as a consumer’s name could affect their credit score.


CONSUMER CREDIT ON THE UPTICK

As a step in the right direction, UK consumers have increased their credit scores by more than 1 per cent, on average, over the last three years. Women, in particular, are driving this rise.

+1.3% = Overall change in average credit score from 2009

+1.0% = Change in average credit score for male consumers
+1.5% = Change in average credit score for female consumers

69.1 = Average 2012 credit score

 

CLOSING THE CREDIT SCORE GENERATION GAP

Though average credit scores typically increase by age, the gap between young and old is closing. Younger adults have increased their credit ratings over the last three years while older adults have slipped slightly.


2012 Average Credit Score

 

 

 

% Change 2009-2012

 

 

 

18-24

 

 

 

66.4

 

 

 

0.9%

 

 

 

25-34

 

 

 

67.2

 

 

 

3.4%

 

 

 

35-44

 

 

 

69.2

 

 

2.2%

 

 

 

45-54

 

 

 

70.4

 

 

 

-2.2%

 

 

 

54-65

 

 

 

72.5

 

 

 

-5.7%

 

 

 

65+

 

 

 

74.4

 

 

 

-5.0%

 

 

 

 

HOW CREDIT SCORES ARE CHANGING AROUND THE UK

Southern and eastern England both saw credit scores increase substantially over the last three years, compared to other regions that all saw scores fall.

Area With Best Score = Channel Islands (71.5)
Area With Lowest Score = Lancashire (68.5)

% Change 2009-2012

 

Borders

 

-1.0%

 

Central Scotland

 

-4.8%

 

Channel Islands

 

-5.4%

 

East Of England

 

8.4%

 

Lancashire

 

-5.0%

 

London

 

-2.5%

 

Midlands

 

-3.0%

 

North East

 

-4.4%

 

North Scotland

 

-5.2%

 

Northern Ireland

 

-4.1%

 

South West

 

-2.8%

 

Southern

 

7.4%

 

Wales and West

 

-2.5%

 

Yorkshire

 

-2.3%

 

 

WHAT'S IN A NAME?

Statistically, people named Brian or Helen Edwards are more likely to have higher credit scores, whereas Daniel or Lisa Thompson are more likely to have lower scores.

 

Male Names with Best Credit Scores
1. Brian
2. Alan
3. Ian

 

Male Names with Poorest Credit Scores

1. Daniel
2. Lee
3. Matthew

 

Female Names with Best Credit Scores
1. Helen
2. Susan
3. Julie

 

Female Names with Poorest Credit Scores
1. Lisa
2. Victoria
3. Emma

 

Last Names with Best Credit Scores
1. Edwards
2. Lewis
3. Wright

 

Last Names with Poorest Credit Scores
1. Thompson
2. Johnson
3. White

SOURCE: CONFUSED.COM

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