Debt Rich
Eighty20’s Credit Stress Report for this quarter was just released and has some interesting findings. For example, the debt-to-net-income ratio… Read More
Debt Rich
Credit Stress Report
The age of debt
While the age at which the largest number of people have a Retail Account is 31, for Mortgages, it is… Read More
It can be hard to recover
In 2021Q1, the current balance on loans increased by R4.5bn (half of what it was last quarter). The number of… Read More
Defaulting despite Wealth
This quarter saw particularly strong growth in the proportion of defaulters among the wealthy. The proportion of credit active consumers… Read More
Return of Retail?
The number of retail accounts grew by 156,000 – the first QoQ growth in a year. This coincided with the… Read More
Indebted Adults, by Default
If the current growth in defaulters continues, in six years 100% of the credit active individuals between 18-24 could be… Read More