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New figures show Gen-Y more wary of taking on extra debt
5 June 2009
Statistics released by Veda Advantage, the country's largest credit reporting agency, show a large drop in applications for personal credit from those in the Generation Y age group, a demographic which has previously shown little reluctance in taking on debt.
Posted in: Press releases
Identity theft on the rise
3 June 2009
Veda Advantage research shows 4.4 million Australians affected by identity theft - an increase of 600,000 people in past year.
Posted in: Press releases
Veda Advantage to Acquire Secure Sentinel
21 May 2009
Veda Advantage today announced the proposed acquisition of personal security specialists Secure Sentinel, part of Vero Insurance Limited, a Suncorp Group company.
This strategic acquisition will complement and expand Veda Advantage’s consumer offering of credit file services and identity theft alerts. Secure Sentinel’s offering, which helps protect, retrieve and replace registered cards and passports if they are lost or stolen will add to Veda Advantage’s My Veda Alert services, which notifies a consumer every time there is a change to their credit file.
Posted in: Press releases
[NZ] April consumer credit applications fall sharply as recession continues to inhibit borrowing
7 May 2009
Consumer credit applications in April, including credit cards, personal loans and hire purchases, fell sharply on the same month last year according to Veda Advantage, New Zealand's largest credit information provider.
Posted in: Press releases
Australian Business Credit Demand Index
6 May 2009
Demand for credit hits a low as business remains cautious
Veda Advantage's Business Credit Demand Index released today, reveals business credit applications for the January - March 2009 quarter fell by 8.3% in comparison to the same period in 2008 - the highest quarterly decrease on Veda Advantage's records.
Posted in: Press releases
Veda Advantage: Australian Debt Study
28 April 2009
28 April 2009 - Veda Advantage's latest Australian Debt Report* reveals some healthy signs as significant numbers of Australians switch to saving, and pay down their debt in the face of the global financial crisis. Almost half of the Australians with debt surveyed owed less than they did 12 months ago, while 40% owe the same amount. Only 13% of Australians with debt now owe more money than they did 12 months ago.
Posted in: Press releases
Veda Advantage Consumer Credit Demand Index
20 April 2009
Veda Advantage's Consumer Credit Demand Index reveals that credit card and personal loan applications have fallen by 13% from January to March 2009 compared to the same time last year.
Posted in: Press releases
[NZ] March mortgage applications hit 16 month high underlining renewed interest in housing market
7 April 2009
Cashed-up baby boomers take advantage of perceived bargains
Mortgage applications in March 2009 were up 38% compared to the same month last year, and were the highest monthly total since November 2007, according to Veda Advantage, New Zealand's largest credit information provider.
Posted in: Press releases
Veda Advantage Business Sentiment Survey
31 March 2009
Veda Advantage's Business Sentiment Survey, released today, details surprisingly robust survey figures despite the current economic climate, with 62% of businesses surveyed indicating they had not been affected by liquidity or cash flow issues in the past year. Almost 58% of businesses surveyed said they were not exposed to a large amount of bad debt, with 24% of those businesses exposed to bad debt of up to $500,000.
Posted in: Press releases
Research company director's credit history to minimise risk
3 March 2009
New research identifies a 23% chance of finding negative information related to a company's credit history, when company directors' individual credit histories are searched in addition to the company's credit file*. Veda Advantage recommends all businesses apply a simple background check on potential customers and suppliers involved in large financial transactions as a safeguard against risky business relationships.
Posted in: Press releases
MEDIA CONTACT
Leigh Pearson
Veda Advantage
0274 890 606
leigh.pearson@VedaAdvantage.com
Shelley Hughes
Veda Advantage
09 367 6267
