Credit references [Archive] - Kiwi Biker forums

ManDownUnder

19th January 2007, 11:40

Indiana_Jones

19th January 2007, 11:42

well they shouldn't need them if u can't give them, if u have no HP things etc, u must have assesst etc. use them?

-Indy

yungatart

19th January 2007, 11:45

You should be able to get them from your credit card company.

ManDownUnder

19th January 2007, 11:52

You should be able to get them from your credit card company.

Yeah thought of that and I s'pose it's kinda ok. I'll poitn them straight at Baycorp and the like too - see what they say...

FFS it's a cash account I'm after!

YAWN

Toaster

19th January 2007, 12:18

I have none... I pay in full when I need something, or I put it on the Visa and pay that off in full every time. I despise HPs and am lucky enough to have avoided the need for them for the last err... long time...

And now I have to open an account to get some gas bottles filled... and they need - credit references...

WTF?

All they need to do is get your permission to do a credit check. Like myself, I have never used HP's etc. All they need to know is that you don't have a negative history as opposed to no history at all.

Lissa

19th January 2007, 12:27

Ive never HPed anything either... always saved and brought with cash... but isnt a mortgage in a way a credit reference? Not sure... never had to have credit ref in my life...

ArcherWC

19th January 2007, 12:38

Just buy something on no interest HP and pay it straight off, will probably cost you $45 or so on admin fees, but instant credit history

DMNTD

19th January 2007, 12:46

Just buy something on no interest HP and pay it straight off, will probably cost you $45 or so on admin fees, but instant credit history

True but you're actually better off running the loan for several months(longer the better) ideally paying a larger monthly payment. That there is the history that other Co.'s are seeking.
100% in only getting interest free HP...

McJim

19th January 2007, 13:02

Yeah thought of that and I s'pose it's kinda ok. I'll poitn them straight at Baycorp and the like too - see what they say...

FFS it's a cash account I'm after!

YAWN

When you say it's a cash account do you mean that at no point in the transaction will credit be extended to you? i.e. cash on delivery or payment in advance for goods? If that's the case then what is the point of an account at all?

If it's trade of some sort usually a bank reference will do to confirm them of your adequate liquidity compared to the credit facility (I'm making the assumption credit is required again otherwise what's the point of an Account?).

There's more than one way to skin a cat so if in doubt ask to speak to the person who defined their credit policy. If you can't get agreement find another supplier who will accomodate you.

I used to be a credit manager in UK but was more dealing with Blue Chip companies so although overall credit principles are similar actual practice differs.

ManDownUnder

19th January 2007, 13:04

When you say it's a cash account do you mean that at no point in the transaction will credit be extended to you? i.e. cash on delivery or payment in advance for goods? If that's the case then what is the point of an account at all?

'coz they want it... It's the way it's done..

edit - another (stress ANOTHER) phone call... cash account no longer requires the credit check.. fucken bunch of rocket scientists...

James Deuce

19th January 2007, 13:05

Yeah thought of that and I s'pose it's kinda ok. I'll poitn them straight at Baycorp and the like too - see what they say...

FFS it's a cash account I'm after!

YAWN

Good thing you have a Credit Card or you wouldn't have a credit rating, therefore no account.

It's a messed up system.

If you have no credit rating they assume you are a loser with no money, no matter that you turned up on a $40k MVF4SP.

Edit: Lol. Cash Account. Lol.

Ixion

19th January 2007, 14:30

I have none... I pay in full when I need something, or I put it on the Visa and pay that off in full every time. I despise HPs and am lucky enough to have avoided the need for them for the last err... long time...

And now I have to open an account to get some gas bottles filled... and they need - credit references...

WTF?

I've encountered this. But you do have credit references. What about the phone company? power company? credit card company/bank ? Get the newspaper delivered? City council (rates etc), or landlord.

All of those things are valid credit references. Depending of course on how much credit you are seeking , but in your case it is irrelevant, they just need something to write in the boxes.

ManDownUnder

19th January 2007, 14:34

I've encountered this. But you do have credit references. What about the phone company? power company? credit card company/bank ? Get the newspaper delivered? City council (rates etc), or landlord.

All of those things are valid credit references. Depending of course on how much credit you are seeking , but in your case it is irrelevant, they just need something to write in the boxes.

Tis resolved now - but to answer your questions...

I'm informed that utility companies don't do credit references. I mean why would they - they're only the most reliable billing a person is ever going to get and yet - they hold a monopolistic position so they can afford to tell people where to go.

Credit card and bank - yeah... that came to me late in the peace
No newspaper. The web's a wonderful thing.
City Council is a good one. I like that. Let them earn my taxes...

geoffm

19th January 2007, 19:44

If you are getting welding gas bottles filled, use Supagas. THey have always taken a credit card, tested my bottles without complaint, and have service to leave the thieves and morons at BOC and Air Liquide in the dust.
Geoff

2_SL0

21st January 2010, 19:26

Supagas was actually in receivership just a few months ago. Hmmm very stable company.

Mully

22nd January 2010, 07:52

Miscreant

22nd January 2010, 08:03

Yeah thought of that and I s'pose it's kinda ok. I'll poitn them straight at Baycorp and the like too - see what they say...

FFS it's a cash account I'm after!

YAWN

Most companies have standard forms and policies for dealing with standard situations, but will entertain the non standard when it's pointed out to them. Did you point out you have always paid cash ergo you have no credit history?

ManDownUnder

22nd January 2010, 08:15

Most companies have standard forms and policies for dealing with standard situations, but will entertain the non standard when it's pointed out to them. Did you point out you have always paid cash ergo you have no credit history?

Dude... the post you quoted was made just over 3 years ago...

Flatcap

22nd January 2010, 09:23

As I understand it, Credit Checks in NZ consist of seeing if you have anything bad against your name at the moment.

That's what the arguments were about recently where they wanted to change the way they are done (i.e multiple applications would be a negative)

The new credit check system through Veda Advantage gives you a score from 0 to 1000
If you have no history you start off on 500
You go down for bad history
You go up for good history

Much better than the old system....

Mully

22nd January 2010, 10:35

Dude... the post you quoted was made just over 3 years ago...

Shit. So it was.

The new credit check system through Veda Advantage gives you a score from 0 to 1000
If you have no history you start off on 500
You go down for bad history
You go up for good history

Much better than the old system....

I agree - it was just people were bitching that multiple "enquires" (i.e. applications) had a negative effect on your rating. So if you shopped around for the best deal, it would reflect badly.

Miscreant

22nd January 2010, 13:28

Dude... the post you quoted was made just over 3 years ago...

That doesn't matter. I have an opinion and it's important to me that you hear it and give a rats arse what I think, because I'm special.

ManDownUnder

22nd January 2010, 14:11

That doesn't matter. I have an opinion and it's important to me that you hear it and give a rats arse what I think, because I'm special.

Special? (http://www.urbandictionary.com/define.php?term=Spethal)

Right you are then...

p.dath

22nd January 2010, 14:15

Do you have a power account? Do you rent (landlord reference)? Do you have a gas account?

Ever had finance to buy a vehicle/motorbike?

crazyhorse

22nd January 2010, 14:16

I have none... I pay in full when I need something, or I put it on the Visa and pay that off in full every time. I despise HPs and am lucky enough to have avoided the need for them for the last err... long time...

And now I have to open an account to get some gas bottles filled... and they need - credit references...

WTF?

You pay power?
Telecom?
Anything you pay monthly, can be used as a credit rating, as over time you have built up a rapport with these companies.

I too pay cash for things, and haven't had anything on tick for at least 15 years, so would be hard to prove my credit rating except for your everyday bills. Good luck :niceone:

ManDownUnder

22nd January 2010, 14:18

Mods - thread... lock...

PLEEEEAAAASSSSEEEEEEE

it's over 3 years old.

ManDownUnder

22nd January 2010, 14:19

Do you have a power account? Do you rent (landlord reference)? Do you have a has account?

Ever had finance to buy a vehicle/motorbike?

Yes, no, no idea, and no

Mom

22nd January 2010, 16:10

Yes, no, no idea, and no

I dont understand why you want this thread closed, it is funny to see you answering the same questions again :dodge:

Miscreant

22nd January 2010, 20:05

Mods - thread... lock...

PLEEEEAAAASSSSEEEEEEE

it's over 3 years old.

Just goes to show, you need to think before you post or it could come back to haunt you.

Mully

22nd January 2010, 20:16

Must. Keep. Thread. Alive.

ManDownUnder

22nd January 2010, 21:52

Just nothing the requires "I do" as a reqponse... otherwise yeah go for it

ManDownUnder

22nd January 2010, 21:52

Must. Keep. Thread. Alive.

Mark in your diary to quote me... in say... 2013... :)

Kickaha

22nd January 2010, 22:31

You pay power?
Telecom?
Anything you pay monthly, can be used as a credit rating, as over time you have built up a rapport with these companies.

We didn't used to accept power or phone for credit checks as they're pretty much essential services that no one lets get cut off

I too pay cash for things, and haven't had anything on tick for at least 15 years, so would be hard to prove my credit rating except for your everyday bills. Good luck :niceone:

Last time I had a check done on me they couldn't find any credit history for the same reason

GOONR

22nd January 2010, 22:56

crazyhorse

23rd January 2010, 06:21

We didn't used to accept power or phone for credit checks as they're pretty much essential services that no one lets get cut off

Last time I had a check done on me they couldn't find any credit history for the same reason

I can always think of some things that I get an account for - like from the bike shop, broadband connection, just put in a cat door, so thats another one I could use. I think we thought about it, there are always some accounts that we don't really tink about, but do have.

sidecar bob

23rd January 2010, 08:25

We didn't used to accept power or phone for credit checks as they're pretty much essential services that no one lets get cut off

Thats bloody tragic, people paying off consumables such as tyres. I cant get my head around paying off a bike, let alone tyres.

cc rider

23rd January 2010, 18:46

OK, so this may seem like a dump question, but 'who' do you ask to find out your credit rating? :scratch:
I know I'm in Aust., but they may be a similar organization here.

What makes a good or bad rating?

Are they permanent?

cc

Kickaha

23rd January 2010, 19:04

Thats bloody tragic, people paying off consumables such as tyres. I cant get my head around paying off a bike, let alone tyres.

As a company we've done it through GE for over 10 years, a few workshops we deal with also offer it on major jobs, eg: engine rebuilds