Latest from Personal Debt
Unpaid child support hits $2.6bn
At least 10 New Zealand fathers owe $1.3 million or more each in unpaid child support as the total national debt spirals into the billions with interest and penalties.
Australia may collect Kiwis' student debt
Australia will look at ways of collecting student debt from Kiwis in Australia, doing New Zealand a huge favour by tracking down the large numbers of expats.
Rush for home loans
Mortgage approvals reached their highest levels in almost four years last month, as people rushed to make the most of low interest rates.
Shares gain amid rising positivity
New Zealand shares rose yesterday as another consumer confidence survey showed improving sentiment, especially in Auckland, even as Australian jobs data disappointed financial markets.
Crackdown on student-loan dodgers
The Government plans to hound student loan holders who have gone overseas leaving big debts behind.
Loans at 500pc interest
Christmas shoppers are being tempted with offers of "interest-free" cash loans before an interest rate in excess of 500 per cent kicks in.
Kiwis $638m in credit interest
New Zealanders are collectively paying more than $600 million a year in interest on personal credit card debt, according to figures from the Reserve Bank.
The $3.5 million hidden treasure
A reclusive millionaire with a secret treasure trove of gold and silver may face perjury charges after fleeing to the other side of the world to escape a debt he didn't want to pay.