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 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.
Negative data alone does not always provide the complete picture of an individual's creditworthiness. Utilising bureau data can help lenders better manage risk and improve customer experience.
