Posts Tagged :

credit history

Here’s what a credit report actually looks like

If you’ve ever wondered what your credit report looks like, wonder no more. This guide will give you insight into your credit report, including what information it contains, how to read it, and why it’s so important. There are three main credit reporting bureaus in Australia, and you can access their version of your report in a number of ways, including in a written/physical format or through an online dashboard. Each variation may differ slightly in the way it’s presented,…

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How to find the best home loan for your needs

Of course you want a home loan with low interest rates, minimal fees and an offset account that lets you deduct 100% of the balance from the amount owed. But other than that, the definition of the “best” loan varies based on your personal circumstances. Ready to apply? Check out our offers page for a range of home loan offers to suit your needs. See offers The basics As described in the intro, there are three basic things all hopeful…

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Everything you need to know about online home loan calculators

Online home loan calculators can be among the most valuable tools you’ll find as you seek to maximise your borrowing capacity, nab the best deal and work out the most cost effective way to pay the darn thing off.  What is a home loan calculator? “Home loan calculator” is actually a catch-all term that applies to an entire category of calculators that each has its own function.  For example, one type of calculator will estimate how much you can borrow,…

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Are you part of the 1%? Keep tabs on your credit file so you can get mistakes fixed, fast

Here at Credit Simple, we encourage you to check your credit score and keep tabs on your credit history. It doesn’t happen often, but if there’s a mistake on your file, you need to know about it and get it fixed. We’re happy to report that since we launched in September last year, almost 3,000 Kiwis have queried errors on their credit file. New Zealanders are making the most of free and instant access to their credit scores and credit files,…

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Eight things about your credit history that may surprise you

Borrowing can actually help your credit score, as unintuitive as that might sound. Potential credit providers want to see that you’ve got a history of responsibly paying your bills, so borrowing a small amount and paying in full and on time will help to boost your credit score. Your credit file will also include publicly available information such as court judgements and bankruptcies. So anything out there online or in court databases about you will most likely also appear on…

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9.2% of all Kiwis are credit unicorns. Are you one of them?

In the world of credit scores, we like to refer to those with a score of more than 900 as unicorns. They are rare and until now, almost mythical beasts, and only 9.2% of all Kiwis can call themselves a credit unicorn. Everyone has a credit score. It’s a number between zero and 1000 that credit providers and banks use to determine how credit worthy you are. The higher your score, the more likely credit providers are likely to lend…

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The pros and cons of going guarantor

‘Going guarantor’ are two dangerous little words. “Nan, will you go guarantor on my car? You don’t have to pay any money.” Stop right there. Going guarantor can be a great way to help others out. But it’s way more risky than most people think. Read this article before you say yes or no. The worst-case scenario is that the lender comes after you for the money. Parents have lost their homes from going guarantor and families have been torn…

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So you think you don’t have a credit history …

An acquaintance said to me – rather smugly – the other day, “I don’t need to check my credit score, because I don’t have a credit history.” “Oh, you don’t?” I said. “Have you checked it in the past and discovered you didn’t have a profile in the system?” “No,” he said. “But I’ve never had any hire purchases or a car loan, so they won’t have anything on me.” Many people think that a credit history is built solely…

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