Almost 20,000 home loan borrowers falling behind: 'Scary thing is it's still going'

Almost 20,000 home loan accounts are now past due, credit bureau Centrix says, 25% more than a year ago. It said as loans were refinanced to higher rates, the upward trend could continue well into 2024. There were 1.29% of home loans that were past due in October, compared to 1.25% in September. “As always, we encourage anyone who is struggling with meeting their repayment obligations to get in touch with their credit providers to work out a plan for payments moving forward, and potentially seek help with budgeting – there are plenty of free services available such as MoneyTalks,” Centrix managing director Keith McLaughlin said. 01 December 2023 [View in Browser]( Hello and welcome to your morning briefing from Stuff, bringing you the top stories and news you'll want to read. [Almost 20,000 home loan borrowers falling behind: 'Scary thing is it's still going']( [Almost 20,000 home loan borrowers falling behind: 'Scary thing is it's still going']( [Almost 20,000 home loan accounts are now past due, credit bureau Centrix says, 25% more than a year ago. It said as loans were refinanced to higher rates, the upward trend could continue well into...]( [Labour outlines battle plan as National-led government promises to get to work]( [Labour outlines battle plan as National-led government promises to get to work]( [Asked what was behind his good cheer in recent days, Labour leader Chris Hipkins erupted into laughter. He had just outlined his shadow Cabinet, a reshuffle which revealed few surprises and just...]( [Support, and questions, after mayor Tory Whanau's addiction admission]( [Support, and questions, after mayor Tory Whanau's addiction admission]( [Following her admission of a drinking problem, public figures have been quick to show support for Wellington mayor Tory Whanau – but others have questioned whether she is fit to run the city. Her...]( Newsable: the news worth talking about Join Imogen Wells and Jess McCarthy for your daily dose of exclusives, analysis and fresh perspectives on news. The podcast drops each weekday from 6am on [newsable.co.nz]( or listen on Apple, Spotify or wherever you get your pods. [Listen to the latest episode of Newsable →]( [Buying a gift card this Christmas? Here's why you should read the fine print]( [Buying a gift card this Christmas? Here's why you should read the fine print]( [Consumers are being warned to check the fine print before buying gift cards this Christmas as some could be “more of a gift to retailers” than...]( [How do I grow mushrooms at home?]( [How do I grow mushrooms at home?]( [In recent years, an ever-increasing number of gardeners have been adding mushrooms to their repertoire of home-grown produce. Not only are they a...]( [Newsable: Scrapping sexuality education ‘repressive’, says guidelines author]( [Newsable: Scrapping sexuality education ‘repressive’, says guidelines author]( [“Repressive” and “backwards”, that’s the reaction of Professor Katie Fitzpatrick to news the government plans to axe the sexuality and consent...]( [Wish, Wonka, Maestro among December's must-see movies]( [Wish, Wonka, Maestro among December's must-see movies]( [The impending festive season and the end of 2023 offers up plenty of exciting options for film fans. As well as a bunch of blockbusters, December’s...]( [Manawatū team off to Māori touch nationals for first time]( [Manawatū team off to Māori touch nationals for first time]( [A new Manawatū touch team going to the national Māori championships is excited about representing their iwi and giving some youngsters a crack at...]( ['We wanted to be trendsetters': TLC on the legacy of CrazySexyCool and their NZ return]( ['We wanted to be trendsetters': TLC on the legacy of CrazySexyCool and their NZ return]( [Is there an album that sums up the female bravado of 90s hip-hop as well as TLC’s CrazySexyCool? The US girl group – with Tionne ‘T-Boz’ Watkins...]( Enjoying this email? [Check out Stuff's other daily and weekly newsletters](. [Feedback]( [Unsubscribe]( [Privacy Policy]( Stuff, 4 Williamson Ave, Ponsonby, Auckland, 1021, New Zealand