400,000 Kiwis behind in credit repayments with arrears hitting 11.3% in December
Data shows vehicle arrears at 5.3 percent as households struggle to deal with the tough economic climate and monetary policy.
Source: rnz.co.nz
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Demand for personal credit rises, arrears also up as cost of living bites
More New Zealanders are turning to personal loans and ‘buy now, pay later’ schemes as rising living costs tighten their grip. This coupled with rising cred
Source: newstalkzb.co.nz
Vehicle loans up as increasing arrears could dampen Christmas
It seems increasingly likely Kiwis are staring down the barrel of an engineered recession to curb inflation and help settle
Source: autotalk.co.nz
The number of people behind on debt repayments has increased by five percent in the year to October - 01-Dec-2022
There's been an 18 percent increase in demand for personal loans in the year to October
Source: nzcity.co.nz
Demand for personal and vehicle loans increasing sharply - Centrix
Centrix managing director Keith McLaughlin says the data shows there has been three months of serious arrears, but expects it is going to get worse over the next six to 12 months.
Source: rnz.co.nz