Loan Arrears Still a Big Concern for Kiwi Households
Fresh numbers from the May 2025 Centrix Credit Indicator reveal that while some early signs of improvement are emerging in the economy, many Kiwis are still struggling to keep up with their debts — particularly long-term loans.
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In April, consumer arrears sat at 12.43%, meaning around 483,000 New Zealanders were behind on at least one repayment. That’s slightly better than March, but not cause for celebration just yet.
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More concerning is the number of people who are 90+ days overdue, which has jumped to 83,000, the highest since July last year.Â
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Loansmart Managing Director Murray Greig says, “this is a clear sign that many households are still stretched thin and finding it tough to bounce back.”
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