consumer debt
Centrix says as consumer arrears climb, the flow on effect continues to impact Kiwi businesses. Overall business defaults were up 28% year-on-year in January 2024, while company liquidations were up 16% over the same period
5th Mar 24, 5:00am
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Centrix says as consumer arrears climb, the flow on effect continues to impact Kiwi businesses. Overall business defaults were up 28% year-on-year in January 2024, while company liquidations were up 16% over the same period
Bank for International Settlements fires BNPL warning shot across the bow of those tasked with maintaining financial stability
8th Dec 23, 4:07pm
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Bank for International Settlements fires BNPL warning shot across the bow of those tasked with maintaining financial stability
Credit bureau Centrix says company liquidations are on the rise, with credit defaults climbing 'across the board' in September
1st Nov 23, 5:00am
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Credit bureau Centrix says company liquidations are on the rise, with credit defaults climbing 'across the board' in September
Reforming the controversial Credit Contracts & Consumer Finance Act could turn out to be more complex than hoped by its critics
26th Oct 23, 10:09am
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Reforming the controversial Credit Contracts & Consumer Finance Act could turn out to be more complex than hoped by its critics
Equifax says consumer debt demand rose year-on-year in the September quarter, boosted by unsecured personal loans
26th Oct 23, 10:09am
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Equifax says consumer debt demand rose year-on-year in the September quarter, boosted by unsecured personal loans
Non-bank lenders launch Responsible Debt Collection Code including guidance on when & how often they'll contact debtors
10th Oct 23, 2:00pm
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Non-bank lenders launch Responsible Debt Collection Code including guidance on when & how often they'll contact debtors
If it looks like debt, let’s treat it like debt. Why ‘buy now, pay later’ schemes need firmer regulation in NZ
8th Sep 23, 9:30am
If it looks like debt, let’s treat it like debt. Why ‘buy now, pay later’ schemes need firmer regulation in NZ
Debt stress among young people and businesses rising, Centrix says, with borrowers aged under 25 appearing 'to be struggling quite consistently'
1st Sep 23, 5:00am
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Debt stress among young people and businesses rising, Centrix says, with borrowers aged under 25 appearing 'to be struggling quite consistently'
Consumer NZ says being unable to save is now the reality for many New Zealanders
24th Aug 23, 11:23am
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Consumer NZ says being unable to save is now the reality for many New Zealanders
Government set to gut loan affordability rules in CCCFA review to make sure people can borrow when they have good credit
9th Aug 23, 5:12pm
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Government set to gut loan affordability rules in CCCFA review to make sure people can borrow when they have good credit
Commerce & Consumer Affairs Minister Duncan Webb pledges CCCFA review, exemptions for certain types of lending
8th Aug 23, 7:17pm
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Commerce & Consumer Affairs Minister Duncan Webb pledges CCCFA review, exemptions for certain types of lending
Credit bureau Centrix says while homeowners contend with rising mortgage interest rates and the financial squeeze, business owners are grappling with lower activity and spending
4th Jul 23, 5:00am
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Credit bureau Centrix says while homeowners contend with rising mortgage interest rates and the financial squeeze, business owners are grappling with lower activity and spending
Sharp rise in number of people getting behind on buy now lay later payments as overall consumer arrears climb
2nd May 23, 5:00am
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Sharp rise in number of people getting behind on buy now lay later payments as overall consumer arrears climb
Cutting off the insolvent: NZ banks close accounts for bankrupts
The Government's had another go at fixing problematic credit rules it first implemented nearly 18 months ago, but the bankers are still not thrilled
12th Apr 23, 1:57pm
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The Government's had another go at fixing problematic credit rules it first implemented nearly 18 months ago, but the bankers are still not thrilled
Grant Halverson on the rise and fall of the buy now pay later sector and what the future may hold for it
5th Mar 23, 6:30am
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Grant Halverson on the rise and fall of the buy now pay later sector and what the future may hold for it
Credit bureau Centrix says the current economic climate is 'putting pressure on households across New Zealand'
1st Mar 23, 5:00am
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Credit bureau Centrix says the current economic climate is 'putting pressure on households across New Zealand'
[updated]
Credit bureau Centrix says loan arrears rates are rising but remain behind historic levels
1st Feb 23, 5:00am
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Credit bureau Centrix says loan arrears rates are rising but remain behind historic levels
Mobile traders shut up shop or move on after Commerce Commission's compliance clampdown
8th Dec 22, 7:44am
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Mobile traders shut up shop or move on after Commerce Commission's compliance clampdown
Credit bureau Centrix says the number of borrowers behind on consumer loans is rising and so is demand for consumer loans
1st Dec 22, 5:00am
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Credit bureau Centrix says the number of borrowers behind on consumer loans is rising and so is demand for consumer loans
SBS Bank says it may face customer remediation payments or Commerce Commission action over credit contracts and consumer finance related issues
28th Nov 22, 9:17am
2
SBS Bank says it may face customer remediation payments or Commerce Commission action over credit contracts and consumer finance related issues
In the last of a series of articles on bank fees, Matt Skinner looks at personal borrowing fees the major banks charge
17th Nov 22, 3:31pm
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In the last of a series of articles on bank fees, Matt Skinner looks at personal borrowing fees the major banks charge
[updated]
Buy now pay later sector to be brought under the Credit Contracts and Consumer Finance Act. Sector's merchant service fees to be 'monitored'
2nd Nov 22, 2:30pm
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Buy now pay later sector to be brought under the Credit Contracts and Consumer Finance Act. Sector's merchant service fees to be 'monitored'
Consumer debt demand climbing to pre-pandemic levels as rising cost of living bites
1st Nov 22, 10:13am
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Consumer debt demand climbing to pre-pandemic levels as rising cost of living bites
Centrix managing director Keith McLaughlin says anticipation of a recession is affecting consumers' payment behaviour
4th Oct 22, 5:00am
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Centrix managing director Keith McLaughlin says anticipation of a recession is affecting consumers' payment behaviour