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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.
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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.
The move to use of Open Data accelerates
SYDNEY, Tuesday, 11 June 2019 – Equifax, the data analytics company and leading provider of credit information and analysis in Australia and New Zealand, has today announced a national distribution and partnership agreement with Basiq, to help prepare the industry for Open Data.
New opportunities emerge for lenders as consumers benefit from comprehensive credit reporting, reveals the 2018 Equifax Australian Credit Scorecard
Demand for trade credit is growing but competition is fierce, according to the 2018 National Credit Managers Survey from Equifax
New research from Equifax indicates Victorians are highly receptive to conversion to solar power, battery storage and electric cars.
SYDNEY, Monday, 16 April 2018 – Demand for new alternative finance increased 130 per cent in H2 2017[1], compared with the same period the previous year, according to newly released data from Equifax, the global information solutions company and the leading provider of credit information and analysis in Australia and New Zealand.
SYDNEY, Tuesday 10 April, 2018 – The number of Australian companies entering external administration (ex-ad) decreased by 20 per cent year-on-year in Q4 2017, but there are still pockets of concern according to newly released data from Equifax, the global information solutions company and the leading provider of credit information and analysis in Australia and New Zealand.
Small and Medium Enterprises urged to keep a closer eye on finances as they approach their four-year milestone.
