Latest from Personal Debt

Kiwibank cuts rates to spark quiet property market
Kiwibank has cut its 2 year fixed mortgage rate to 6.59pc, to try and spice up housing demand.

North Island men showing signs of financial stress
Men aged 18-33 and 49-64 and those in the North Island in particular, are showing signs of potential financial stress, a credit rating agency says.

Erceg superyacht saga finally settled at High Court
Banking giant HSBC will soon be able to sell Ivan Erceg's $6m Henderson boat yard after the High Court approved orders to remove chattels from the property today.

ASB's 'rounding up' savers net $75k
Over 9200 NZers have saved $75,000 in the two weeks since ASB launched a programme directed at helping customers save.

Govt deficit shrinks despite lower tax take
The Govt's financial statements show the deficit shrank as bigger returns from the ACC and the Cullen Fund kicked in.

The great American mortgage crisis deepens
After the Subprime Mortgage Mess, the US Foreclosure Fiasco.

ASB launches 'rounding up' savings
One of NZ's biggest banks is encouraging Kiwis to turn their small change into big bucks via a new savings programme that rounds up spending on eftpos and visa debit transactions.

GST rise: The hole in your pocket
For some professionals this week's tax cuts make them wealthier than before. Others take home less money than they did six years ago.

Most Kiwis will have a few dollars more tomorrow
The "GST-income tax switch" will from tomorrow leave the vast majority of income earners with at least a few more dollars in their pockets each week.