3:31 PM

NZ Debt Collection soars 127%

Recent reports from New Zealand debt collectors show a significant rise in delinquent accounts moving to debt collection services. NZ Blacklist is also experiencing the same effect. Website 'Stuff' reports....

A "relaxed attitude" from kiwi firms to collecting debts is finally changing as pressure tightens on the bottom line according to Dun & Bradstreet.

The credit reporting and collections agency said today the number of debts referred for collection has more than doubled in the March quarter compared to the same period last year, and the average dollar value of each collection has also increased.

Debt collection referrals from Auckland firms increased by 160 percent in the first quarter, while Wellington firms saw a 139 percent increase and Christchurch firms referred 134 percent more collections than last year.
Overall, New Zealand businesses reported 127 percent more debts for collection in the March quarter this year than in the same period last year. Read more

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