News and Media

For media queries please contact us on mediaenquiriesAU@equifax.com.

Looking for more news and media? Visit our archive.

Consumer credit demand set to shake off lingering impacts of COVID
26th Oct 2021

Consumer credit demand continues its upward trajectory in Q3 2021, with early indications of further recovery in the coming months. Data from the first week of NSW reopening after 15-weeks in lockdown shows a jump in demand for auto loans (+33.0%), mortgages (+15.0%) and personal loans (+10.0%) compared to the previous week in lockdown.

Read more
Equifax Quarterly Business Credit Demand Index: Sept 2021

The recovery in business credit demand eased in Q3 2021, but recovery may be imminent as states make their way out of lockdown. Data from the first four days of NSW reopening after 15-weeks in lockdown shows a jump in demand across all categories of credit. Asset finance enquiries rose by +25.1%, trade credit by +15.5% and business loans by +2.5% in the week of 11-14 October compared to the previous week in lockdown.

Read more
Australian Credit Managers have optimistic outlook on the future

Equifax celebrates ten years with the release of the National Credit Managers Survey 2021 results

Read more
Australian Business Awards Announced

Equifax has been recognised as an ABA100 Winner in The Australian Business Awards 2021 for Product Innovation and New Product Innovation for Equifax One Score.

Read more
Equifax partners with Frontier Software allowing fast and simple employment income verification for its customers

Equifax, the global data, analytics and technology company, has announced a partnership with leading HR and Payroll software provider Frontier Software. A first in the Australian market, the partnership will enable Frontier Software and its customers to streamline the employment income verification process and mitigate data handling risks in loan applications with automated employment income verification.

Read more
Double-Digit Growth in Consumer Credit Demand

Rebound now hit by Pandemic Second-Wave

For the first time in three years, consumer credit demand has moved out of negative territory. According to the latest Quarterly Consumer Credit Demand Index (June 2021), demand recovered sharply in the June quarter (+29.1%), with applications for credit cards, Buy Now Pay Later (BNPL), personal loans, auto loans and mortgages all experiencing double-digit growth. A drop in the momentum of recovery is expected in the third quarter, with stay-at-home pandemic orders impacting around 10 million Australians

Read more
Business Credit Demand Bounce-Back Hits Speed Hump

Q2 2021 figures show double-digit growth in business credit demand, with solid gains across all categories of credit, according to the latest Equifax Quarterly Business Credit Demand Index (June 2021). Sustaining this pace of recovery into the third quarter is now under question as second-wave pandemic lockdowns show signs of dampening credit demand in NSW and Victoria.

Read more

Business credit demand has returned to the same level it was in the March 2020 pre-pandemic quarter, driven by a bounce-back in asset finance (+8.9%). Business insolvencies have yet to match their March 2020 level (down -36% compared to March last year) but are rising, month on month up by +78% in February and +29.0% in March, according to the latest Equifax Quarterly Business Credit Demand Index (March 2021).

Read more

Consumer credit demand continues to decline compared to last year, but the rate of decline is slowing compared to previous quarters. Despite credit cards and personal loan demand remaining soft, auto loans and Buy Now Pay Later (BNPL) applications continue to recover, according to data from the latest Equifax Quarterly Consumer Credit Demand Index (March 2021). Demand for mortgages grew throughout Australia up +23.5% compared to the March quarter 2020, with every state and territory experiencing growth. 

Read more

SYDNEY – 1 March 2021 – Equifax, a global data, analytics and technology company and leading provider of credit information in Australia, has finalised the purchase of Creditworks to help trade credit and SME businesses manage commercial risk through end-to-end credit automation.

Read more
Business Credit Demand Index Dec 20

Equifax Quarterly Business Credit Demand Index: Dec 2020

Overall business credit applications down -6.9% (vs Dec quarter 2019) Business loan applications decreased by -10.1% (vs Dec quarter 2019) Trade credit applications fell -8.4% (vs Dec quarter 2019) Asset finance applications increased by +0.2% (vs Dec quarter 2019).
Read more

Pages