News

Could credit play a role in helping low-to-middle income drivers transition to electric vehicles? CfRC Researcher, Dr. Ana Rita Pena looks at the challenges involved.

Efforts to tackle the harms caused by financial abuse have exposed a bigger truth: credit reporting must evolve. Context, fairness and accountability can’t be optional.

Our new report finds a third of low-to-middle income borrowers are cutting back their essential spending to preserve their credit scores, and highlights how the marketing of scores can increase the risks of over-indebtedness and deter people from seeking advice.

New CfRC research indicates that some lower-income borrowers are highly sensitive to their credit scores, and this could be negatively impacting their financial behaviours: causing them to prioritise credit repayments over the payment of household bills and other essentials. People in financial difficulty may also be receiving inappropriate messages that encourage them to take on more credit than they can afford.