From Transunion: "Consumer demand for credit, as measured by TransUnion's Total Inquiry Index (TII), ...decreased in the first quarter to 64.41. The higher the TII number, the greater demand is for credit by consumers. Using 2000 as the base year of the index, demand for credit remains historically low. However, the quarterly decline in the index (2.2 percent) was the slowest decline since the first quarter of 2008, possibly indicating a deceleration or leveling off of its trajectory.
"For the second quarter in a row, 48 states and the District of Columbia experienced appreciable declines in their credit risk indices, signaling that a broad improvement in consumer credit conditions is taking root.
- Every state experienced at least a 0.58 percent decline in their CRI, with the exception of North and South Dakota, which both have a CRI well below 100.
- States with the highest Credit Risk Index remained the same from the previous quarter, with Nevada (159.26), Mississippi (158.74) and Texas (155.69).
- States with the lowest Credit Risk Index continue to be concentrated in the Upper Midwest, with North Dakota at 80.30 and Minnesota at 87.04.
- States showing the greatest annual increase in credit demand as measured by the TII were Alaska (+16.8 percent), Vermont (+7.3 percent) and Pennsylvania (+3.5 percent).
- States experiencing the greatest annual decrease in credit demand as measured by the TII were Tennessee (-12.3 percent), District of Columbia (-12.0 percent) and Florida (-10.3 percent)."
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