Having a good credit record or history is very important to South African consumers when trying to purchase houses or cars. But being denied credit is increasing among a certain percentage of the population. Glenda Williams talks about credit health and behaviour in South Africa.
Credit bureau, Compuscan, reveals that South Africans over the age of 60 fare best at managing their credit repayments over the festive season. On the whole though, South African credit consumers are unlikely to make it onto Santa’s good list when it comes to their credit behaviour.