State of the nation: National voters outdo Labour supporters when it comes to credit scores
Credit scores may tell us more about Kiwis than just how good we are at paying bills – our research shows they also hint at voting preferences.
We overlaid New Zealand electorates with average credit scores and found those in National electorates are more likely to have a higher average credit score (652) than those in Labour electorates (621).
The six highest average scoring electorates are all National: Rodney, North Shore, Selwyn, East Coast Bays, Pakuranga and Waimakariri. The three lowest average scoring electorates are Labour: Manurewa, Mangere and Manukau East. The highest scoring Labour electorate is Port Hills (713), while the East Coast takes the title of lowest scoring National electorate (566).
The single highest scoring electorate is North Shore, with an average credit score of 735, while Mangere has the lowest average score at 487. The sole ACT electorate, Epsom, holds the seventh highest average credit score.
Credit Simple spokesperson Hazel Phillips says the research provides an insight into one aspect of voters’ financial lives and the issues that will likely be important to them as we approach the election.
“Credit scores are a key indicator of credit health,” she says. “New Zealanders with low scores are likely to have trouble accessing credit such as mortgages, loans and sometimes even power and phone contracts. They’re also more likely to pay high interest on any loans they can get.”
“Conversely, those with high credit scores will score low-interest deals and have more options when it comes to credit. Our research suggests these levels of credit freedom may play a role in the policies and parties New Zealand voters support,” she adds.
Credit Simple gives all Kiwis free access to their credit score, as well as their detailed credit report. See how your credit score compares by age, gender and community and gain valuable insights into what it all means.All stories by: Credit Simple