Wealth Creation: TransUnion Study Shows Black Friday Drives Higher Credit Usage

South African consumers can’t resist the lure of a good deal. This is according to TransUnion data, that shows consumers who open new credit facilities during the Black Friday period every year end up spending more than consumers with existing accounts – up to R10,000 more, in the case of credit cards. Priven Moodley, Head Of Credit Risk Solutions At Transunion South Africa gives us more information.