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Business debt stress indicators accelerated in the fourth quarter of 2012, according to the KreditMetrix report published by Experian SA and Econometrix.
There has been an increase in unsecured lending as consumers begin to feel the financial pinch, says Experian.
By regularly checking their credit reports, consumers can ensure there are no fictitious entries to their accounts, says Sharon Coppola, legal risk and compliance executive at Experian SA.
Consumers with poor credit ratings should never pay for anything upfront until they have received a service of some value, says Sharon Coppola, legal risk and compliance executive at Experian SA.
Shopping around for the best credit deals makes sound business sense and is not predictive of a default, says Sharon Coppola, legal risk and compliance executive at Experian SA.
Experian South Africa urges consumers to double-check their credit ratings before spending big this festive season.
South African businesses experienced growing debt stress levels in the second quarter of 2012, says Experian.
The service cross-checks companies recommended for tenders, making combating fraud easier for organisations.
Commercial Delphi is a sophisticated credit score for business credit granting that provides greater granularity to risk ratings.
The critical driver in optimising the mountain of data is an awareness of how vital it is to put the customer first, says Richard Topham, director of product and propositions in Experian's EMEA Decision Analytic division.
The solution automates credit decisions by combining Experian's data assets, predictive analytical models and application processing systems.
SMEs don`t understand how critical it is to create an environment conducive to them receiving trade credit, says Glen Bals, senior executive, business information at Experian SA.