Payment and predictive analytic firm FICO says a survey of financial institution risk officers finds them confident the consumer demand for credit and loans is going to grow.
The firm's survey, conducted on behalf of the firm by the Professional Risk Managers' International Association, found 46% of respondents expect the amount of new credit requested by consumers to increase over the next six months, while just 16% expect it to decrease.
In addition, FICO reported 46% of bankers in the survey expect consumers to want more additional credit line increases on their credit cards, with only 8% expecting them to drop.
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