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New opportunities emerge for lenders as consumers benefit from comprehensive credit reporting, reveals the 2018 Equifax Australian
Overall consumer credit demand dropped, led by a decline in credit card applications, offset by a slight growth in personal loans.
The Equifax Consumer Credit Demand Index for September Quarter 2018 shows that consumer credit applications have dropped.
Demand for trade credit is growing but competition is fierce, according to the 2018 National Credit Managers Survey from Equifax