Tim Dower: Are Our Borrowing Trends Getting Out Of Hand? (NewstalkZB)
Recent online media coverage featuring Centrix insights or commentary:
April 2024
Data finds more people up to date on their payments (NewstalkZB)
Debt arrears down 4.8 percent in February – report (RNZ)
Kiwis’ credit by the numbers (Stuff)
Kiwi financial hardship rises in first months of 2024 – data (1News)
Payback time: consumers at 30-days past due hit six-year high (BusinessDesk)
Mixed credit trends amid NZ’s recession concerns (NZAdvisor)
What is happening with the NZ housing market this week? (RNZ)
Auckland epicentre of mortgage crisis (The Press)
Building company failures are the ‘new pandemic’ (The Press)
Growing number of homeowners falling behind on their mortgage (The Spinoff)
Small businesses warned about loans (The NZ Mortgage Magazine)
Kate Sylvester closure: ‘Really difficult’ time for retailers (RNZ)
March 2024
New Zealanders not paying their bills hits seven-year high (Newshub)
Auckland houses for sale flood market, hit 11-year peak (NZ Herald)
Number of Kiwis behind on mortgage highest since before Covid (1News)
Small business owners feeling the squeeze – Centrix (NBR)
Half a million NZ consumers in debt arrears – report (RNZ)
More than 480,000 Kiwis behind in debt payments (NZ Herald)
New Zealanders not paying their bills hits seven-year high (MSN NZ)
Mortgage arrears rising but still low (The NZ Mortgage Magazine)
Mortgage arrears rising but still low (Good Returns)
Post-Christmas spending hangover sees loan arrears hit seven-year high (The Press)
February 2024
More Kiwis falling behind on debt payments (1News)
Pressure on homeowners – mortgage arrears at 4 year high (RNZ)
More kiwis are behind on their bills as cost of living pressures bite (NewstalkZB)
Number of Kiwis falling behind on credit payments nears half a million – new data (Newshub)
Interest rates, cost-of-living drive up business and consumer defaults (RNZ)
More Kiwis falling behind on debt payments (1News)
Mortgage pain hits: Why can’t we use our money to clear it? (Stuff)
Credit culture: another holiday under the belt we’re tightening (BusinessDesk)
Homeowners under pressure as mortgage arrears hit near four-year high (NZ Herald)
January 2024
By the numbers: One man’s struggle to get out of debt (The Post)
How credit scores work (The Post)
The retail and hospitality businesses that went bust last year (The Post)
December 2023
How to avoid the debt trap over the holiday season (The Post)
Jump in mortgage arrears as interest rates bite (RNZ)
Spike in arrears on mortgages over $500,000 as interest rates and cost of living bite (The Post)
Debt risk as more Kiwis plan to put Christmas spending on credit cards (NZ Herald)
Cost of living pressures drive drop in retail spending (RNZ)
Interest-only loans spurned as mortgage arrears increase (Good Returns)
Almost 20,000 home loan borrowers falling behind: ‘Scary thing is it’s still going’ (Stuff)
‘Slow and low’: BNZ says housing market upturn will be like The Beastie Boys (BusinessDesk)
More than 19,000 home loan payments overdue as high interest rates hit mortgage holders (NZHerald)
Demand for consumer credit up before Christmas – Centrix (RNZ)
Mortgage stress for business owners hits new high (Waikato Times)
NZers debt increased in November data shows (RNZ)
Focus Morning Bulletin: Rail costs, ceasefire extended and mortgage pain (NZHerald)
Liam Dann: Brace yourself – big warning buried in the Reserve Bank statement (NZHerald)
November 2023
Centrix upgrade to make loan applications faster and easier (RNZ)
Centrix enhances financial data services in New Zealand (NZAdvisor)
Centrix and Envestnet | Yodlee to enhance financial data in New Zealand (CFOtech)
The businesses failing under cost-of-living pressure (Stuff)
‘Past due’ Kiwis surge to 427,000 (Business Desk)
Credit demand rebounds to pre-pandemic levels – Centrix (NZ Advisor)
Bad for business: New data shows more companies are going under (RNZ)
Struggles with debt for most Kiwis (The NZ Mortgage Mag)
Supie’s last days: The cashflow crisis behind the smiles (Newsroom)
Fears workers will lose their jobs as unemployment rate rises to 3.9 percent (Newshub)
Newsable: Tricky times might prompt wave of small new businesses (Stuff)
Supie’s last days: The cashflow crisis behind the smiles (Newsroom)
Auto loans driving up credit demand (Autotalk)
From wealth of $4m to living on noodles: ‘What is the world coming to?’ (Stuff)
October 2023
Higher mortgage arrears ‘result of Reserve Bank engineered downturn’ (Stuff)
Data shows 18,600 home loans are in arrears (Business Desk)
Back pocket squeeze: Demand for consumer and business credit rises (NZ Herald)
Why is the demand for credit rising? (Newstalk ZB)
Households managing debt as economy slows but businesses under strain (RNZ)
Large rise in number of Kiwi businesses going under (TVNZ)
Will repealing the CCCFA be enough? (Good Returns)
Elderly Māori hard-hit by rising costs as they refinance to help whānau (Newsroom)
‘Very sharp’ construction downturn likely, as residential consents slump (RNZ)
September 2023
Credit arrears and business liquidations increase towards pre-pandemic levels – Centrix (RNZ)
Borrower pain hits five-year high: Who’s being hit the hardest (NZ Herald)
Cost of living: Number of New Zealanders falling behind on credit card payments grows (Newshub)
More than 426,000 people now ‘past due’ (BusinessDesk)
Centrix reveals who is struggling the most with debt (Stuff)
August 2023
How much interest rate pain is too much to bear?
Good Shepherd NZ launches ‘Good Now, Good Later’ small loans
Stalling at the lights: Low prices, FOMO and election can’t ignite property rebound
Tricks to stop your credit card debt from snowballing
Market Watch: Why high interest rates aren’t crashing the economy … yet
Mortgage borrowing hits a high
Business defaults rise but homeowners winning battle with rising interest rates
Younger people feeling most ‘financial stress’, Centrix says
Developers increasingly defaulting on loans
New data shows company liquidations continue to climb
July 2023
Cost of living: Missed mortgage, credit repayments creep up
Demand for six types of loan tells story of economy of two halves
As home loan rates continue to rise, more households are missing repayments
By the numbers: The mortgage refixing bomb
Building firms go to the wall as housing market falls away
426,000 New Zealanders now behind on debt repayments
Households falling behind on debt repayments
One in 10 Kiwis behind on debt repayments, the highest level in four years – report
Numbers behind in debt repayments rise to highest level in four years
Kiwis nervous as mortgage interest rates go up
Companies filing for liquidation up 35% year-on-year
Mortgage arrears now at highest levels since March 2020
Mortgage delinquencies in May at highest since March 2020
Surge in Delinquent Debt Repayments Reaches Four-Year Peak
June 2023
Drop in households struggling with debt, but businesses are doing it hard
Figures show reversal in increase of arrears in mortgages for first time in eight months
Fewer people in arrears as households adjust to ‘tough times’, data shows
Kiwis getting used to high interest rates but warned not to fix for long
Home loan borrowers getting used to higher interest rates ‘new norm’
Credit stress easing, new mortgages 28% down
Editorial: Green shoots in property sector point to economic rebound
Mortgage arrears retreat for first time in eight months
Money, mortgage interest rates and how Kiwis have saved $425m
Motor Vehicle Register ‘doesn’t show what people think it does’
Some banks will be ready for open banking before May 2024
Big profits not to blame for inflation, report suggests
New Zealand is officially in a recession. These charts show how Australia compares
Buy now pay later reforms underway
Buy now, pay later provider Afterpay pushes for watered-down rules
Liquidations rising as economy worsens and Inland Revenue cracks down on tax debtors
May 2023
Centrix COO explains how new data sharing platform benefits buy now, pay later users
BNPL firms to share data on consumer accounts in arrears
Buy now, pay later loan safety scheme launches
Centrix, buy now pay later operators launch PayWatch
New buy now pay later initiative aims to protect people in financial difficulty
Demand for vehicle loans grows
Mortgage rates have exceeded what many borrowers were stress-tested at
Debt spiral: Record number of buy now pay later accounts in arrears, credit bureau
Struggling families ‘stuck’ using buy now pay later for essentials
Consumer debt crisis: Buy now, pay later loan arrears hit record level
More homeowners falling behind on mortgage payments
Almost 20,000 homeowners are past due on mortgage payments
RBNZ likely to remain sanguine about arrears
Almost 20,000 homeowners falling behind on mortgage payments
Households behind on mortgage repayments up 26%
Twelve percent of New Zealand borrowers behind on debt repayments, data shows
April 2023
More than 400,000 people behind on debt repayments as demand for credit increases by 3 percent
Missed Mortgage Payments Swell in Housing Bellwether New Zealand
Mortgage payments missed; consumer lending up 19%
Five hundred more households fall behind on home loan payments
Mortgage squeeze: More loan payments missed as Kiwis feel pinch of rising rates
Mortgage arrears climb for seventh consecutive month
NZD higher oil prices drive global rates higher…
Business News for 4 April 2023
Demand for credit increases, more households in arrears
New mortgage borrowing plummets
March 2023
What happens when housing’s ‘wealth effect’ dries up?
More than 1 million NZ driver licence numbers caught up in Latitude hack
How to protect yourself if you fear your data’s been stolen in a hack
60% of Kiwi households face refinancing mortgage at higher rates
Loan default consequences hit home
‘Money life’ is better in the south, and the reason is simple
Centrix data shows over 18,000 households are behind on mortgage payments
Mortgage arrears up as rates start to bite
Arrears on mortgages at highest level since start of Covid
New debt figures paint dark picture for Gisborne and Hawke’s Bay households
Economist Shamubeel Eaqub provides tips for getting out of debt
Mortgagee sales more than double in February but total remains low – Trade Me
More pain on way for mortgage holders
Slowest Auckland February house sales for quarter century: Barfoot & Thompson
Kiwis still waiting at the start line of recessionary marathon
Economist provides tips for getting out of debt
Kiwis behind on mortgage repayments at highest level since 2020
The Panel (discussing the latest Credit Indicator report)
Data shows 430,000 New Zealanders behind in credit repayments in January
By the numbers: How 430,000 people got behind on their loans
February 2023
Buy now pay later lenders crack down on who they lend to as providers search for profitability
Crackdown: pawn brokers and payday lenders target cyclone victims
Who’s struggling the most? Stats reveal the biggest jumps in mortgage stress
Billions more paid in interest: Mortgage holders are coping, for now at least
Slow 2023 start to residential market
More Kiwis behind on debt repayments
What is a reverse mortgage and how does it work
400,000 Kiwis behind in credit repayments
Centrix data shows 400,000 Kiwis are behind on their bills
400,000 Kiwis behind in credit repayments with arrears hitting 11.3% in December
Demand for personal credit rises, arrears also up as cost of living bites
Credit bureau Centrix says loan arrears rates are rising but remain behind historic levels
400,000 people behind on their bills: ‘You can’t put up interest rates without affecting households’
Demand for personal credit rises, arrears also up as cost of living bites
Credit arrears at highest level since pre-Covid
Consumer loans have gone up by a whopping 27% year on year to December – mortgage lending fell 43% for the same period
January 2023
Zero interest loans and debt solutions a cornerstone in the response to cost-of-living pressures
Stress cracks start to show in Queenstown property
The credit agencies that can torpdeo your home loan application