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A financial adviser suggests people shouldn't rely on lenders to keep them from accumulating debt.
Canstar's latest figures show personal debt in New Zealand is high the average being $23,000.
Commission for Financial Capability personal finance lead Tom Hartman, told Mike Hosking it's the job of both the individual and the lender, to be wise.
“Obviously lenders have to be responsible and make sure that this doesn’t put somebody under water but we also need to make really sharp decisions for ourselves when taking on debt.”