Credit active

  • Fact: #

There were 69.53 million accounts listed on credit bureau databases as at the end of December 2012. This translates into an average of 3.5 accounts per credit active consumer. (NCR’s Credit Bureau Monitor 2012 Q4)

This week’s theme: Credit in South Africa

One response to “Credit active

  1. K

    12 years Ago

    It sounds astonishing at first read, and without sufficient context, it could lead to incorrect perceptions or conclusions about over-indebtedness of our society, albeit, which is also a problem though, but without considering all the facts.

    The context is that a person usually buys a car (absa/wesbank/…), a house (absa/fnb/…), clothes (edgars), household goods (makro),etc. and even groceries (woolies), all on credit.

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