Credit Score

Whenever you apply for credit—whether it’s from a bank (even if you’re an existing customer), a personal loan company, or for a credit card—a new credit check is made.

It’s a simple formula: the higher your credit score, the lower your risk of defaulting—at least in the eyes of lenders.

Here are answers to some common questions around the things that can impact your credit score.

Your credit file is a record of your credit history - the good and the bad.

A credit score is a relationship you have for life — or at least from the moment you open your first credit account — and we all have to start somewhere.

If you're trying to improve your credit score, you could be doing it all wrong. Here are five common misconceptions about credit scores and how you can avoid making avoidable mistakes.

It’s important to remember that your credit score is more than an abstract number. our score tells your credit story - are you reliable, in control and likely to pay your debts on time? Credit scores matter.

Credit score. Two small words with the potential for a big impact on your financial plans. Let’s go back to basics. Here’s a beginner’s guide to credit scores, so you can try to make sure yours is in the best possible shape.

So you’ve gone ahead and found out your credit score from one of New Zealand’s three credit reporters. Well done.

Do you know your credit score? Do you know the difference between your credit score and credit file? Do you know what a defaulted payment is? Can you name two things that might…

It’s a simple formula: the higher your credit rating, the lower your risk of defaulting in the eyes of lenders.