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Veda Advantage Consumer Credit Demand - April to June 2010
28 July 2010
- Mortgage Applications down 20%
- Demand for Credit Cards and Personal Loans flat
28 July 2010: Veda Advantage's quarterly Consumer Credit Demand Index, released today, shows consumer credit demand has not yet returned to pre-Global Financial Crisis levels. Credit card and personal loan applications for the April to June quarter remained flat (-0.2%) year-on-year. The Veda Advantage index also revealed the largest quarterly drop in mortgage credit demand in the 6 years CDI has been measured, down 20% year-on-year.
Posted in: Articles
Responsible Lending Obligations: Find out how Veda Advantage can help
16 July 2010
As a credit licensee, you must decide how you will meet the responsible lending obligations
To find out how Veda Advantage can help with your Responsible Lending obligations visit www.vedaadvantage.com/responsiblelending
Posted in: Articles
'Phoenix Companies' on the Rise in 2010
5 July 2010
Credit check a company and its individual directors to minimise business risk
5 July 2010: New research reveals a significant rise in the number of 'phoenix companies'* incorporated in the wake of the global financial crisis. Phoenix companies are businesses which are formed on the remnants of a failed company, and are often used as a means of evading creditors or creating the impression of a clean company history.
Posted in: Press releases
Credit Businesses Unprepared for Responsible Lending Law
1 July 2010
Five steps to get compliance-ready ahead of 30 June deadline
1 July 2010: Veda Advantage research* suggests many Australian mortgage brokers, credit providers and finance companies are unsure how to implement responsible lending requirements, despite registering ahead of the 30 June 2010 deadline for the Federal Government's National Consumer Credit Protection (NCCP) law - encompassing 'responsible lending' obligations.
Posted in: Press releases
