The young and the defaulting
Quarter Four 2020 saw a 14% year on year increase in 18-24 year olds defaulting on their credit. All other… Read More
The young and the defaulting
Credit Stress Report
Get it on Credit
As of 2020 Q4, 62% of credit account loans are in good standing compared to only 40% in Q3. However,… Read More
For Closure?
2020 saw overdue balances on mortgages increase by 98%, from R6bn to R12bn. In contrast, the current loan balance only… Read More
Home Loans
While most age groups showed a decline in the number of new home loans taken out during 2020, those aged… Read More
Secured vs Unsecured Debt
According to the Credit Stress report, there are 12 unsecured credit products for every secured product in South Africa. This… Read More
Debt by sector
People working in the South African agricultural sector use a higher percentage of their income to pay off debts than… Read More