The number of Kiwis behind on their debt repayments remains high as people wrestle with rising inflation and a cost-of-living squeeze.

Credit company’s Centrix’s April Credit Indicator report showed consumer arrears climbed to 463,000 in March, up 6000 month-on-month.

This equals 12.7 per cent of the credit active population and is 7.4 per cent higher year-on-year.

Financial hardships also continued to increase, with reports rising since November 2022.

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