The number of people behind on debt repayments has increased by five percent in the year to October.

Data by credit bureau Centrix shows the number of missed home loan repayments has risen for the third month in a row.

Meanwhile, demand for consumer credit has risen, with personal loan demand up around 18 percent and vehicle loan demand up 17.3 percent year on year.

Centrix Managing Director Keith McLaughlin told Mike Hosking there had been a downward trend in arrears over the past five years, so it's quite a reversal.

He says it's a signal of what may happen in the future.

LISTEN ABOVE

The number of people behind on debt repayments has increased by five percent in the year to October.
Data by credit bureau Centrix shows the number of missed home loan repayments has risen for the third month in a row.
Meanwhile, demand for consumer credit has risen, with personal loan demand up around 18 percent and vehicle loan demand up 17.3 percent year on year.
Centrix Managing Director Keith McLaughlin told Mike Hosking there had been a downward trend in arrears over the past five years, so it's quite a reversal.
He says it's a signal of what may happen in the future.
LISTEN ABOVE

Best of Business is the home of all things business at Newstalk ZB, from morning market updates right through to incisive interviews with New Zealand’s top business leaders and decision makers. 

Whether you’re a small business owner or interested in what’s going on in the Big End of Town, this podcast encompasses the sharpest voices and minds in the world of business.

Best of Business is the home of all things business at Newstalk ZB, from morning market updates right through to incisive interviews with New Zealand’s top business leaders and decision makers. Whether you’re a small business owner or interested in what’s going on in the Big End of Town, this podcast encompasses the sharpest voices and minds in the world of business.

Best of Business is the home of all things business at Newstalk ZB, from morning market updates right through to incisive interviews with New Zealand’s top business leaders and decision makers.