EPISODE 1: Be prepared to re-think your notion of what makes a good credit customer.The trends that we see in consumer credit behaviour show habitual changes in borrowers brought on by the COVID-19 bubble. Consumer A is prioritising the maintenance of a new, improved lifestyle while consumer B has cut back on expenses and is struggling under the weight of their liabilities.Kevin James from Equifax unpacks what these key insights mean for Australia’s Big Banks.In the first episode, we’re looking at:Why mortgage repayments might suffer among borrowers not willing to reduce their living expensesWhat the data shows about which borrowers are likely to default in the coming monthsThe new definition of a creditworthy consumerHow improved modelling and alternative data sources can deliver more predictive credit decisions.EPISODE NOTESFor more information, please visit our Knowledge Hub and follow us on LinkedInDisclaimerThis information does not constitute legal, accounting or other professional financial advice. The information may change, and Equifax does not guarantee its currency or accuracy. To the extent permitted by law, Equifax specifically excludes all liability or responsibility for any loss or damage arising out of reliance on information in this release and the data in this report, including any consequential or indirect loss, loss of profit, loss of revenue or loss of business opportunity.  

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