Firstmac analysis shows the number of borrowers on hardship is falling (MPA Magazine)

The latest data from Firstmac’s $12.6b loan book shows that the number of Australians on COVID-19 hardship arrangements is steadily falling despite the second wave of lockdown in Victoria. MPA spoke with chief financial officer James Austin about how Victoria compares with other states and why the ACT is doing the best nationwide.

View article here 

Read more…

Recent articles

12 Jun 2020

COVID-19: How the Australian new car market is coping (Performance Drive)

Firstmac Limited, Australia’s largest non-bank lender (and new owners of Georgie/PerformanceDrive), said that it took in 1051 car loan applications in May, which was a record for the company and its core Firstmac and brands. This was up considerably on 721 applications in March and 657 in April.

View article here