Loan Delinquencies Surge in New Zealand: 12% of Borrowers Struggle with Payments 00:10:00
Recent data from credit reporting agency Centrix reveals that nearly 12% of New Zealand borrowers—around 427,000 individuals—fell behind on their loan payments as of March 2023. The report highlights the growing financial strain faced by Kiwis amid rising costs of living, inflation, and interest rate hikes. This uptick in delinquencies underscores the challenges many households face in managing debt obligations during a period of economic uncertainty.
