Insolvencies at historic high, as long awaited ‘insolvency tsunami’ arrives
14th May 2024

Commercial credit demand improving, but small business owners continue to bear the brunt of difficult market conditions

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Equifax spoke with Dany Khoury, the Director of Design Management of the architectural and interior design studio BDAI about their experiences as the first adopter of iCIRT-ratings in their sector.

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Nearly 2 in 5 home loan applicants expect more support and better service from their mortgage broker during the early stages of onboarding, according to the Equifax Mortgage Broker Pulse Survey 2023.

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Insolvencies and late payments climb, while more SMBs and Sole Traders experience mortgage stress

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Mortgage arrears accelerate as the impact of interest rate rises becomes more pronounced

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Nearly a quarter of mortgage surveyed brokers expect to take on more refinancing loans this year

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As the Government flags new regulations for the buy now, pay later (BNPL) sector, the question of how to mitigate risk has been the cause of much conjecture.

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The long-anticipated insolvency backlog ‘tsunami’ may finally be coming to shore.

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One year ago, the warning signs for Australia's construction industry were evident. Our data showed that construction industry insolvencies would be on the rise and that small construction business operators were dipping into their personal finances to keep their operations afloat.

Fast forward one year.

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Case-Study-Multinational-Oil-Gas-Giant-Slashes-Onboarding

The oil and gas giant receives up to 1,000 fuel card applications a month from transport operators around Australia and New Zealand.

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