Centrix is keeping positive despite rising financial hardship and almost half a million Kiwis behind on loan repayments.

The credit reporting agency's latest Credit Indicator report shows consumer arrears are 1.3% higher year on year, with financial hardship up 19%.

But Managing Director Keith McLaughlin told Mike Hosking the figures are seasonal and have been impacted by Christmas and the school new year for the last 15 years.

He doubts this is worth reading too much into, and trends show households have things under control.

McLaughlin says the situation is better than last year.

LISTEN ABOVE 

Centrix is keeping positive despite rising financial hardship and almost half a million Kiwis behind on loan repayments.
The credit reporting agency's latest Credit Indicator report shows consumer arrears are 1.3% higher year on year, with financial hardship up 19%.
But Managing Director Keith McLaughlin told Mike Hosking the figures are seasonal and have been impacted by Christmas and the school new year for the last 15 years.
He doubts this is worth reading too much into, and trends show households have things under control.
McLaughlin says the situation is better than last year.
LISTEN ABOVE&nbsp;

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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,...

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Keith McLaughlin: Centrix Managing Director on the rising consumer arrears and financial hardship

https://api.omny.fm/orgs/7784f840-c291-422a-924b-ad9000bbad71/clips/d0b0aa82-cb50-41f8-b421-b2790138f1d4/transcript

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