Consumer Credit Risk

Consumer credit is a debt that somebody incurs for the reason of purchasing goods or services. This includes purchases made on credit cards, lines of credit and a few loans. A general method for predicting credit risk is through the credit scorecard. Consumer credit risk also known as retail credit risk is the risk of failure due to a customer’s non re-payment on a consumer credit product, such as a mortgage, unsecured special loan, credit card, overdraft etc.