If you scored 1,000, you’re in a very exclusive club. The score provided by Credit simple is similar to the ones in the US. See your business credit score, risk profile and credit information for free with Credit Simple for Business. Phone and power companies may also check your credit rating if you apply for those services on credit. Business; ... our focus is 100% on New Zealand and its many businesses. Credit bureaus operating in New Zealand (Equifax, Dun & Bradstreet, and Centrix) collect information to determine your credit score and provide this information when a lender requests it. What do New Zealand credit scores contain? It's instant, easy, and free. We’ve got to know them better than anyone, and now you can too. When I opened a new bank account my Veda score dropped by 70 points. A good credit score is usually between 500 and 850, but the numbers aren’t as clear-cut as you might think. Lenders usually check your credit history whenever you apply for credit – whether it’s a mortgage, a personal loan, hire purchase, car finance or a new credit card. It's easy to turn JavaScript on -, New Zealand Government | Te Kawanatanga o Aotearoa, find out how to enable JavaScript in your browser, Creative Repayment history disappears from your credit file after 24 months and credit enquiries drop-off after five years, so it is possible for even a well established credit history to disappear entirely. Check your debt-to-credit ratio. So if you’re struggling, use the following 5 techniques to quickly improve your credit score: 1. Your credit information can affect how companies treat you, for example when you want to borrow money or get insurance. A credit score over 700 is said to be very good- and over 500 is good. #?! Protect yourself from identity fraud Credit check: When a lender or other organisation asks about your credit history. The credit report agency has 10 working days to provide you with your credit information. Understanding your credit score. Your Equifax credit report will likely provide you with the most complete view of your credit history in New Zealand. Ok, so this one seems pretty obvious. which means that Govt.nz might not display properly on your device. As New Zealand's leading and most comprehensive credit information company, we provide you with the most complete record of your credit history. Save My Bacon are proud to be partnered with Centrix, New Zealand's only owned and operated credit bureau, by providing positive repayment data SMB customers can improve their credit scores. Missed payments from licensed providers can be reported on your account monthly and can be held on your credit report for two years. Credit Simple is owned by illion, formerly Dun & Bradstreet, and pulls its data from there. If you need the report in less than five days, you can pay a fee to have your application "fast tracked". Equifax holds data on more than 3.4 million credit-active individuals and approximately 600,000 companies and businesses throughout New Zealand, providing customers with the ability to make more informed decisions. Find out what lenders see and better manage your credit reputation. You’re likely in an older age bracket and have spent a lifetime building positive credit actions, such as prompt payments, sensible applications and limiting your lines of credit. Commons 4.0 International Licence, Your browser currently has JavaScript turned off, I also had substantial errors on my report. Credit Simple offers the only free credit score service in New Zealand. They give you an overall number between 0 and 1000. Credit file monitoring means you’ll receive periodic email alerts when certain changes occur on your credit file. By proceeding, you accept our Terms of Use & Privacy Policy.