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With immediate access to available CCR data, brokers are already in a position to offer better terms for their clients.
Repayment History Information can provide a deeper insight into an individual's serviceability, helping brokers to match them to a suitable lender and loan quickly and take them out of the market sooner.
CCR provides brokers an opportunity to address customer pain points and offer more informed advice, helping the industry rebuild and strengthen relationships with customers.
As of July 2018, 40% of the retail credit market have supplied Comprehensive Credit Reporting (CCR) data to Equifax.
This infographic breaks down the attributes and benefits of data supplied to date.
As of July 2018, 15.3 million Australians are credit active. This infographic highlights trends in traditional negative reporting while CCR data is building such as:
CCR data will reveal a whole lot more for brokers, impacting the way they engage and service their customers.
As of October 2017, 27% of the retail credit market have supplied CCR data to Equifax. This infographic provides a pulse check on the industry’s transition to CCR.
As of October 2017, 15.2 million Australians were credit active. This infographic highlights trends in traditional negative reporting whilst CCR data is building.
Being prepared for your transition to CCR is essential.
There are a number of ways that lenders can lessen the potential uncertainty of performance of various CCR characteristics when applied to their portfolios.
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