Signs of optimism as number of NZers behind on payments falls

(Image: Getty)

Tue, 01 Apr 2025

New credit data from Centrix shows green shoots of optimism as mortgage and consumer arrears fell in February.The number of New Zealanders behind on their payments fell by 11,000 in February compared with January.While there are still 480,000 consumers in arrears, levels are 1% lower year on year – the second consecutive month this has been the case – indicating early signs of a gradual credit cycle recovery, Centrix said.Mortgage arrears also fell slightly, with 400 fewer in February than in January.There were 23,000 home loan...

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