A rise in the number of people not clearing their debts.

The latest data from Centrix shows consumer arrears increasing 13 percent year-on-year in July, while vehicle arrears rose for the fourth consecutive month.

Centrix Managing Director Keith McLaughlin told Mike Hosking it's a trend they were expecting.

He says they expected the discretionary arrears to rise first, and then go into secured lending.

McLaughlin says they're now watching the home lending to see what's going to happen there.

LISTEN ABOVE

A rise in the number of people not clearing their debts.
The latest data from Centrix shows consumer arrears increasing 13 percent year-on-year in July, while vehicle arrears rose for the fourth consecutive month.
Centrix Managing Director Keith McLaughlin told Mike Hosking it's a trend they were expecting.
He says they expected the discretionary arrears to rise first, and then go into secured lending.
McLaughlin says they're now watching the home lending to see what's going to happen there.
LISTEN ABOVE

Open your mind to the world with New Zealand’s number one breakfast radio show.

Without question, as New Zealand’s number one talk host, Mike Hosking sets the day’s agenda.

The sharpest voice and mind in the business, Mike drives strong opinion, delivers the best talent, and always leaves you wanting more.

The Mike Hosking Breakfast always cuts through and delivers the best daily on Newstalk ZB.

Open your mind to the world with New Zealand’s number one breakfast radio show. Without question, as New Zealand’s number one talk host, Mike Hosking sets the day’s agenda. The sharpest voice and mind in the business, Mike drives strong opinion, delivers the best talent, and always leaves you wanting more. The Mike Hosking Breakfast always cuts through and delivers the best daily on Newstalk ZB.

Open your mind to the world with New Zealand’s number one breakfast radio show.Without question, as New Zealand’s number one talk host, Mike Hosking sets the day’s agenda.The sharpest voice and mind in the business, Mike drives strong opinion,...