Australian Consumers are getting into debt over increasingly smaller amounts and placing additional cash flow pressures on Australian businesses, according to the latest default trends data from D&B Australia.  The smaller the default the more difficult it can be to collect.  In a climate where businesses payments typically take almost double the standard payment term, small businesses in particular are finding themselves under additional pressure.  More than half (56%) of all consumer debt referred is less than AUS$ 400, which means that they are not only difficult to collect, but also a drain on receivables management resources.  Source: D&B Australia Press Release.  For more information see www.biia.com  ‘PRESS’.

BIIA Newsletter September – 2006 Issue