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News and Media
Business Credit Demand Index – April to June 2010
3 September 2010
Business credit demand down 5.6% year-on-year
3 September 2010: Veda Advantage's Business Credit Demand Index, released today, shows many small-to-medium sized businesses have been reluctant to take on credit throughout 2010, with demand falling 5.6% in the April to June period over the same quarter in 2009.
Posted in: Press releases
Veda Advantage publishes and maintains its own public number directory
19 August 2010
Veda Advantage publishes and maintains its own public number directory
19 August 2010: Veda Advantage today published a public telephone number directory providing Australians with access to Australian listed telephone numbers.
Posted in: Press releases
Veda Advantage Consumer Credit Demand - April to June 2010
28 July 2010
- Mortgage Applications down 20%
- Demand for Credit Cards and Personal Loans flat
28 July 2010: Veda Advantage's quarterly Consumer Credit Demand Index, released today, shows consumer credit demand has not yet returned to pre-Global Financial Crisis levels. Credit card and personal loan applications for the April to June quarter remained flat (-0.2%) year-on-year. The Veda Advantage index also revealed the largest quarterly drop in mortgage credit demand in the 6 years CDI has been measured, down 20% year-on-year.
Posted in: Articles
Responsible Lending Obligations: Find out how Veda Advantage can help
16 July 2010
As a credit licensee, you must decide how you will meet the responsible lending obligations
To find out how Veda Advantage can help with your Responsible Lending obligations visit www.vedaadvantage.com/responsiblelending
Posted in: Articles
'Phoenix Companies' on the Rise in 2010
5 July 2010
Credit check a company and its individual directors to minimise business risk
5 July 2010: New research reveals a significant rise in the number of 'phoenix companies'* incorporated in the wake of the global financial crisis. Phoenix companies are businesses which are formed on the remnants of a failed company, and are often used as a means of evading creditors or creating the impression of a clean company history.
Posted in: Press releases
Credit Businesses Unprepared for Responsible Lending Law
1 July 2010
Five steps to get compliance-ready ahead of 30 June deadline
1 July 2010: Veda Advantage research* suggests many Australian mortgage brokers, credit providers and finance companies are unsure how to implement responsible lending requirements, despite registering ahead of the 30 June 2010 deadline for the Federal Government's National Consumer Credit Protection (NCCP) law - encompassing 'responsible lending' obligations.
Posted in: Press releases
Australians Fail to Act on ID Crime Concerns
7 June 2010
- 80% of Australians worry about identity theft
- 70% haven't taken simple measures to protect themselves
7 June 2010: New research released today by Veda Advantage* indicates four in five (80%) Australians are worried about identity crime, yet only 30% have taken simple measures, such as buying a personal shredder, to protect themselves from the world's fastest growing crime**.
Posted in: Press releases
Business Credit Demand Index – Jan to March 2010
21 May 2010
SMEs show cautious optimism - with first consecutive monthly increases in first quarter since 2007
21st May 2010: Veda Advantage's Business Credit Demand Index, released today, shows business credit enquiries grew steadily in the first three months of 2010, with business credit applications for the January to March quarter increasing by an average of 3% over the same period in 2009.
Posted in: Press releases
Veda Advantage Consumer Credit Demand - January to March 2010
28 April 2010
- Mortgage Applications down 15% year-on-year
- Credit Cards and Personal Loans down 2% year-on-year
- Consumer intention to pay down debt
Posted in: Press releases
Australian Debt Study: Debt Stress Increases
6 April 2010
- Increasing numbers of people missing payments
- Government must act to protect vulnerable Australians from debt trap
Posted in: Press releases