Credit reporting agency Veda has released its annual analysis of its consumer credit scoring system, VedaScore, showing that average scores have remained stable and the proportion of consumers at risk of default has fallen a little.VedaScore uses credit reports and other data to give consumer a rating between zero and 1200, with a high score indicating greater creditworthiness. The average score has increased from 751 last year to 760 in the latest survey.Veda marketing manager Belinda Diprose said the increase was not significant and indicated stable conditions in the consumer finance market.The proportion of people at risk of default fell from 15 per cent last year to 13 per cent in the latest survey. Diprose said: "The VedaScore gives the odds of default. People we rate 'at risk of default' are three to five times more likely to default than the average. Conditions are stable."The state with the highest proportion of people at risk is Queensland (where the proportion is 16 per cent), followed by New South Wales, Victoria, South Australia and the Northern Territory (all on 13 per cent), and then Western Australia (12 per cent), Tasmania (11 per cent) and the Australian Capital Territory (ten per cent).Young people have the worst credit scores, with the average for Gen Y at 676, compared with 748 for Gen X, 838 for Boomers and 911 for older people.Veda also surveyed consumers to find out what they knew about the new credit reporting regime. The answer was not much.Seventy-nine per cent were not aware of the changes to the Privacy Act that introduced comprehensive credit reporting in March, and 78 per cent have never checked their credit history (down from 80 per cent last year).Seventy per cent said they would get their credit score if it would help them negotiate better finance terms.Thirty-nine per cent said they did not know they could get access to their credit files.Veda found that almost half a million people (three per cent of adult Australians) had lied or intentionally omitted information on a credit application.