Commercial credit demand improving, but small business owners continue to bear the brunt of difficult market conditions
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Business Credit Demand Index by Equifax (June 2019 Quarter)
Overall business credit applications down -8.99% (vs June quarter 2018).
Growth in business loan applications up +0.90%, while trade credit applications fell -5.02% (vs June quarter 2018).
Asset finance applications decline -26.14% (vs June quarter 2018).
Q2 2019 insolvency statistics show a 15% increase compared with the previous quarter.
Consumer Credit Demand Index by Equifax (June 2019 Quarter)
Overall consumer credit applications down -5.9% (vs June quarter 2018), credit card applications declined by -10.4% (vs June quarter 2018) and personal loan applications also softened, by -2.0% (vs June quarter 2018).
Mortgage applications declined by -11.9% (vs June quarter 2018).
Datalicious helped Scentre Group deliver valuable insights so they could offer their customers a seamless digital experience, boost engagement with appealing content, and build a positive brand experience.
One in 10 consumers have switched credit products in the past 12 months, according to the Equifax Australian Consumer Credit Pulse 2019 report
SYDNEY, Wednesday, 31st July 2019 – One in 10 consumers have switched credit products in the past year, according to new research and analysis from Equifax, the global data, analytics and technology company and leading provider of credit information and analysis in Australia and New Zealand.
The Equifax Australian Consumer Credit Pulse 2019 report reveals areas of greatest opportunity among credit active consumers
SYDNEY, Wednesday, 31st July 2019 – More than 4.4 million applications for consumer credit are expected in the next six months, according to new research and analysis from Equifax, the global data, analytics and technology company and leading provider of credit information and analysis in Australia and New Zealand.
From academia to Chief Data and Analytics Officer, Kari Mastropasqua from Equifax tells us why being a skilled communicator is vital for technical professionals.
In this post Royal Commission era, it has never been more important for regulated entities (i.e. authorised deposit taking institutions and general, life and health insurance providers) to be fully compliant with the Australian Prudential Regulation Authority’s (APRA) Fit and Proper Persons requirements.
Veda and the Consumer Action Law Centre (Consumer Action) have agreed upon a conciliated resolution to the representative complaint lodged by Consumer Action with the Office of the Australian Information Commissioner (OAIC), in respect of Veda’s ABR Gazette commercial information service.
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