As the cost of living continues to soar, Australians who’ve entered debt collection arrangements are facing an even deeper crisis.

Can they continue to keep honouring their payment commitments?

Find out what we’ve discovered in our latest Australian Economic Snapshot below:Is Australia facing an insolvency time bomb? Current data reveals a significant increase in Australian business insolvencies.

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A new report published by illion reveals that the average Australian mortgage holder could be $15,000 worse off each year, with rising servicing costs and inflation pressures. This may lead to a much broader economic impact which could send Australia into a recession. New homeowners under 35 appear to at greatest risk. If they are…

The risk of credit default, as inflation and interest rates rise, is highest among borrowers who refinanced recently, especially if they are under 35, according to new research.

Credit bureau illion has released its latest Mortgage Nation 2 report, which says others at high risk include recent borrowers in western Sydney, south-western Sydney, outer Brisbane, Perth,…

A key litmus test for the state of the economy is the number of days it takes for businesses to pay overdue bills.

illion’s Trade Late Payments Report is the most comprehensive in the market. Our latest report for the 2020 December quarter shows the Australian economy has some way to go before businesses can rest…