TransUnion Reports Shift Toward Super Prime and Subprime Credit Risk in U.S.
A recent TransUnion study reveals an increasing polarization in American credit profiles, with more consumers moving toward either top-tier or high-risk categories.
Summary
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Terms & Concepts
Super prime credit: A credit rating category for borrowers with the highest credit scores, typically indicating minimal risk to lenders.
Subprime credit: A credit rating category for borrowers with low credit scores, often reflecting higher lending risk.
Credit risk spectrum: The range of borrower risk levels based on credit scores, from lowest to highest.