Credit caution increases

Photo / NZ Herald

Consumers have developed a less risky attitude to credit during the past year, Veda Advantage data shows.

The company yesterday said a review of its VedaScore Plus consumer credit scorecard, taking in 1.26 million consumer credit records from last July to this March, showed the general population's risk-profile had improved by 12 per cent.

Veda said credit inquiries were down 10.4 per cent for the first six months of this year compared with the same period last year.