Centrix Credit Indicator reveals hardship on steady rise, more unable to pay bills

New data from credit reporting agency Centrix indicates a 14% increase in the number of people experiencing financial hardship compared to last year, with 24,000 individuals struggling to pay their mortgages. While household arrears are stabilizing, challenges persist for businesses in sectors like construction, property, and hospitality.

Explain It To Me Like I’m 5: Many more people are having a hard time paying their bills this year, with 24,000 struggling to pay their house loans.

Want More Context? 🔎