Credit scores: ‘The calm before the storm’

The economic downturn could have lasting structural impacts.

The economic effects of the COVID-19 pandemic are not yet reflected in consumer credit scores, according to Craig Wilson, senior director of consulting decision analytics at Experian.

However, he describes this nondevelopment as “the calm before the storm.”

“Due to CARES Act reporting guidelines, consumers are beginning to migrate up the risk spectrum,” says Wilson, who addressed a virtual roundtable about the effects of the coronavirus (COVID-19) on credit quality, sponsored by the CUNA Lending Council.

According to Experian data from the end of January through May 9:


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