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Loan defaults have decreased for young South Africans but that access is still a hurdle
Manage episode 427498324 series 2825639
The latest Consumer Default Index report from Experian has put the spotlight on the financial health of young consumers. The report has revealed that loan defaults have decreased for young South Africans but that access is still a hurdle. Jaco van Jaarsveldt, Experian's Head of Commercial Strategy and Innovation says this positive trend doesn't necessarily mean their finances have drastically improved. According to the CDIx report this highlights the need for both increased access to responsible credit and enhanced financial literacy.
2125 episodes
Manage episode 427498324 series 2825639
The latest Consumer Default Index report from Experian has put the spotlight on the financial health of young consumers. The report has revealed that loan defaults have decreased for young South Africans but that access is still a hurdle. Jaco van Jaarsveldt, Experian's Head of Commercial Strategy and Innovation says this positive trend doesn't necessarily mean their finances have drastically improved. According to the CDIx report this highlights the need for both increased access to responsible credit and enhanced financial literacy.
2125 episodes
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