Loan defaults numbers decrease because of lack of access to credit by consumers.
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GUEST – Jaco van Jaarsveldt - Head of Commercial Strategy and Innovation at Experian.
South African consumers are slowly getting to grips with managing their debts, but the wealthier groups—who tend to have more big-ticket loans—are still under pressure.
This is according to the latest Experian Consumer Default Index (CDI) for the second quarter of the year, which showed a positive turn for the first time in two years via an improvement in the credit defaulting behaviour of South African consumers across various loan types – including home loans, vehicle loans, personal loans and credit cards.
South African consumers are slowly getting to grips with managing their debts, but the wealthier groups—who tend to have more big-ticket loans—are still under pressure.
This is according to the latest Experian Consumer Default Index (CDI) for the second quarter of the year, which showed a positive turn for the first time in two years via an improvement in the credit defaulting behaviour of South African consumers across various loan types – including home loans, vehicle loans, personal loans and credit cards.
