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People are prioritising some debt, over other debt, as the cost of living crisis continues to bite.

New figures from credit company Centrix shows a rise in arrears.

Managing Director Keith McLaughlin says households that are struggling with rising costs tend to put off small debts they can afford to defer.

He told Tim Dower they focus on paying off larger debts, to keep their larger assets secure.

\u201cThey tend to prioritise what they pay, so they\u2019ll certainly pay their mortgage first.\u201d

There's also been a drop-off in Buy Now Pay Later enquiries, as people reduce their discretionary spending.

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