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CCR State of the Industry Infographic - July 2018
14 Aug 2018 | Article

CCR State of the Industry Infographic - July 2018

As of July 2018, 40% of the retail credit market have supplied Comprehensive Credit Reporting (CCR) data to Equifax. This is the first major increase in this number since March 2016, and gives an indication of how the industry is progressing to reach the September deadline set by the Treasurer, Scott Morrison. It’s been a long road for CCR since being legislated back in 2014. But CCR has now become a reality, with an increasing number of credit providers sharing and consuming CCR data.

This infographic breaks down the attributes and benefits of data supplied to date, including:

  • Access to credit to those previously underserviced
  • How CCR uncovers lending relationships
  • Credit score averages (negative and comprehensive)
  • Growth opportunities identified by CCR

 

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