1. Winter has come for South African consumers – and it could last for years  BusinessTech
  2. Consumer debt defaults set to rise  IOL
  3. 'Flying blind into a credit storm': Widespread deferrals mean banks can't tell who's creditworthy  Fox Business
  4. Banks Have No Idea Who's Creditworthy Anymore  MSN Money
  5. Those who opt for moratorium should not apply for fresh loans: TransUnion CIBIL  Moneycontrol.com
  6. View Full coverage on Google News
Credit bureau TransUnion has published its latest consumer insights report showing the dire financial standing of the average South African consumer, faced with…Credit bureau TransUnion has published its latest consumer insights report showing the dire financial standing of the average South African consumer, faced with job losses, and a depressed economy showing the effects of the the damage created by the Covid-19 pandemic, and protracted lockdown period.

Winter has come for South African consumers – and it could last for years

Debt defaults by consumers are expected to rise as they struggle with the economic impact of Covid-19, according to credit bureau TransUnion.Debt defaults by consumers are expected to rise as they struggle with the economic impact of Covid-19, according to credit bureau TransUnion.

Although millions of Americans are out of work and behind on their debts, the missed payments often aren't reflected in their credit scores, creating a credit blind spot.Although millions of Americans are out of work and behind on their debts, the missed payments often aren't reflected in their credit scores, creating a credit blind spot.

We expect a drop in approval rates for all major retail productsWe expect a drop in approval rates for all major retail products

Those who opt for moratorium should not apply for fresh loans: TransUnion CIBIL - Moneycontrol.com

Lenders have pulled back sharply on lending to U.S. consumers during the coronavirus crisis. One reason: They can’t tell who is creditworthy anymore.Lenders have pulled back sharply on lending to U.S. consumers during the coronavirus crisis. One reason: They can’t tell who is creditworthy anymore.

‘Flying Blind Into a Credit Storm’: Widespread Deferrals Mean Banks Can’t Tell Who’s Creditworthy - WSJ

Lenders have pulled back sharply on lending to U.S. consumers during the coronavirus crisis. One reason: They can’t tell who is creditworthy anymore.

Banks Have No Idea Who's Creditworthy Anymore