New Zealanders have been keeping an eye on whether banks, credit providers and reporting bureaus are keeping correct personal financial details or otherwise
More New Zealanders are keeping track of their credit scores and files by checking whether banks, credit providers and reporting bureaus keep correct personal financial details or otherwise, according to the latest report from Credit Simple.
Credit Simple is an online tool which provides Kiwis with free and instant access to their credit scores and since it began operating in 2016 almost 3,000 New Zealanders have queried errors on their credit file.
Although the figure of just over 1% of the Kiwi population might not seem significant at first glance, for those people an error on their credit file could be the thing stopping them from getting a mortgage or opening a new electricity or phone account, Credit Simple spokesperson Hazel Phillips said.
“A quick check of your credit score and file before you apply for a loan or new utility contract can save you a world of pain down the track,” Phillips said.
“The last thing you want is to hear about a black mark on your credit file when you’re sitting down with the bank manager.
“Check your score before you need credit and if you see a mistake, tell us and we’ll help you get it fixed fast.”
Phillips said that common errors on credit files include bad debts or unpaid bills from another person, sometimes with a similar name, being wrongly attributed to you, as well as bills or debts that have been paid, but were incorrectly listed as unpaid.
New Zealanders need to keep an eye on their credit file or risk being turned down for credit thanks to unpaid bills or bad debts incorrectly being attributed to them, Credit Simple said.
Credit Simple is a wholly owned subsidiary of Dun & Bradstreet, a credit reporting agency.
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Credit Simple is an online tool which provides Kiwis with free and instant access to their credit scores and since it began operating in 2016 almost 3,000 New Zealanders have queried errors on their credit file.
Although the figure of just over 1% of the Kiwi population might not seem significant at first glance, for those people an error on their credit file could be the thing stopping them from getting a mortgage or opening a new electricity or phone account, Credit Simple spokesperson Hazel Phillips said.
“A quick check of your credit score and file before you apply for a loan or new utility contract can save you a world of pain down the track,” Phillips said.
“The last thing you want is to hear about a black mark on your credit file when you’re sitting down with the bank manager.
“Check your score before you need credit and if you see a mistake, tell us and we’ll help you get it fixed fast.”
Phillips said that common errors on credit files include bad debts or unpaid bills from another person, sometimes with a similar name, being wrongly attributed to you, as well as bills or debts that have been paid, but were incorrectly listed as unpaid.
New Zealanders need to keep an eye on their credit file or risk being turned down for credit thanks to unpaid bills or bad debts incorrectly being attributed to them, Credit Simple said.
Credit Simple is a wholly owned subsidiary of Dun & Bradstreet, a credit reporting agency.
Related stories:
Homeowners not losing sleep over interest rate rises, survey shows
Housing affordability, supply issues dominate Kiwi concerns
