Credit references

**Mully** · 22nd January 2010, 07:52

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)

**Miscreant** · 22nd January 2010, 08:03

Originally Posted by ManDownUnder

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

Originally Posted by Miscreant

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

Originally Posted by Mully

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

Originally Posted by ManDownUnder

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

Shit. So it was.

Originally Posted by Flatcap

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

Originally Posted by ManDownUnder

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

Originally Posted by Miscreant

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?

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

Originally Posted by ManDownUnder

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