LOAN defaults have decreased for young South Africans, despite access to loans are still being a hurdle, according to Experian’s Consumer Default Index (CDIx) for the first quarter of 2024.
According to the CDIx for Q1 2024, there is a complex picture for young South Africans, highlighting the need for increased access to responsible credit and enhanced financial literacy.
The CDIx measures the rolling default behaviour of South African consumers with home loans,