The number of people behind on payments in June fell slightly from May, but is largely unchanged compared to the same time last year. 

Latest Centrix data shows there were 478 thousand people in arrears, representing more than 12% of the credit-active population. 

Managing Director Keith McLaughlin says they'd normally expect the figure to fall further over winter - but people are being impacted by things outside their control. 

He says the costs of insurance, rates and power are leaving their mark, and that's why arrears are a bit sticky at the moment. 

He told Mike Hosking there will be an ongoing improvement in household budgets as interest rates continue to fall. 

LISTEN ABOVE 

The number of people behind on payments in June fell slightly from May, but is largely unchanged compared to the same time last year.&nbsp;
Latest Centrix data shows there were 478 thousand people in arrears, representing more than 12% of the credit-active population.&nbsp;
Managing Director Keith McLaughlin says they'd normally expect the figure to fall further over winter - but people are being impacted by things outside their control.&nbsp;
He says the costs of insurance, rates and power are leaving their mark, and that's why arrears are a bit sticky at the moment.&nbsp;
He told Mike Hosking there will be an ongoing improvement in household budgets as interest rates continue to fall.&nbsp;
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, 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,...

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Keith McLaughlin: Centrix Managing Director on the number of arrears falling slightly in June

https://api.omny.fm/orgs/7784f840-c291-422a-924b-ad9000bbad71/clips/ecfbe706-934a-4b3a-81b1-b32b01527a78/transcript

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