Kiwis in loan trouble are being urged to talk to their creditors and for banks to do more to help as more and more borrowers fall into strife.

The Reserve Bank released its six-monthly Financial Stability Report yesterday. It included a stark warning that homeowners were increasingly falling into mortgage strife — with the number affected set to increase by the end of this year.

Christine Liggins from Debtfix, a debt management advice service, joined Breakfast to discuss what Kiwis can do.


-
Due to the immense volume of comments 1News videos attract, we've made the decision to hold all comments for review, and in some cases, turn them off entirely.
1News is a media outlet based in New Zealand, and could potentially be liable for any comments that defame others or breach New Zealand law. Our content receives thousands of comments each day, and we lack the capacity to moderate that volume without holding comments for review.
This decision ensures that our platform remains a safe and compliant space for all viewers. We appreciate your understanding and continued support.
-
Subscribe to 1News: bit.ly/1NewsYouTube | For the latest news from Aotearoa and overseas: https://www.1News.co.nz

This is the official channel of TVNZ's 1News, where we deliver the latest news, in-depth journalism and expert analysis from reporters you can trust. Subscribe for news and current affairs reports from 1News, Seven Sharp, Breakfast, Q+A, Fair Go and Sunday.