Hunan Personal Consumer Credit Default Risk Empirical Study

The development of Hunan consumptive credit was late, but the trend was swift and violent. As the time past, the default risk of individual consumptive loan has emerging gradually. The development of individual consumptive loan was blocked badly by default risk. To advance the pertinence of keeping away the default risk of individual consumptive loan and the effect of risk management, we have to lucubrate the main factors affecting the default of individual consumptive loan, researching the effect of various factors on default risk, accordingly, adopt relevant measure of controlling default risk.The development status of Hunan individual consumptive credit was firstly analyzed in this paper, and pointed operation teaches that can easily give birth to risk. Then, based on literature research, the reasons of individual consumptive credit risk was analyzed thoroughly. Where after, the indexes of factors affecting individual consumptive credit default risk was chose after lucubrating. But the default risk of individual consumptive loan relates to both the management system of bank, policies of nation, and various default risk of borrower. From the point of real work, the policies of nation can not be controlled directly by bank, but the management system of bank can be improved inside. Therefore, the indexes of default risk affecting factors chose in this paper was only considered from the point of borrower. The empirical research was limited in Hunan province. Through factor analysis, we abstracted 5 main factors, and sorted them by the degree of affection. The most important factors were the economy guarantee and income stability of borrower, next were the age marriage attribute and finance burden status of borrower, the last was the registered permanent residence.Finally, we provided the suggestions of strengthening individual consumptive credit management and controlling default risk based on the theoretical and empirical analysis.