Blog

Consumer Credit Market Report Q1 2016

Consumer Credit Market Report

First Quarter | March 2016

 The total value of new credit granted decreased from R124.15 billion to R108.33 billion for the quarter ended March 2016, a decrease of 12.74% when compared to the previous quarter and an increase of 0.74% a year ago. The number of applications for credit decreased by...
Comments are closed
Credit Dot Cozaa

Credit Dot Cozaa shows the way

As at the end of March 2013 The National Credit Regulator statistics show the number of Consumers with an impaired credit record rose by 189000 to 9.53 million from 9.34 million the previous quarter. This represents 47,5% of all credit active consumers in the country! A further 15,4% (3,09 million)...
Comments are closed
Company News

Octagon moves into the Consumer Credit Report space

Credit Dot Cozaa shows the way

The National Credit Regulator statistics show a massive 47% of consumers have an impaired credit record, the most since inception. A further 61% of all consumers are struggling to meet monthly payments. Why is it then that after nearly 8 years we are...
Comments are closed