One-fifth of Aussies plan to apply for loans, credit or debit cards

Wednesday 13 July 2011

Article by Mozo

In the September quarter this year, nearly one-fifth (20 per cent) of Aussie consumers plan to apply for either a credit card, loan or debit card, new figures have shown.

19 per cent of Aussies to apply for loans, credit or debit cards

The Dun & Bradstreet Consumer Credit Expectations survey also revealed that Aussies are becoming more adept at coping with their credit obligations, reports the Sydney Morning Herald.

According to the findings, the proportion of those who will struggle to pay their credit card bills is set to drop by three percentage points in the coming quarter.

Christine Christian, chief executive of the firm, commented: "Consumer concern about the effects of a rate rise on household finances does not seem to be deterring Australians from utilising credit."

According to figures from the last Consumer Credit Expectations survey, only six per cent of Aussies planned to extend their credit limit during the June quarter, while 27 per cent were thinking about applying for new credit.

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