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Credit Simple

Introducing Credit Simple for Business: See your business credit score and information instantly, online and free

When we launched Credit Simple, we did so with the aim of helping Kiwis live their best financial lives. And since launching in September 2016, we’ve added to free credit scores by creating Money Simple, a spend tracker, and Clear Name, a way for people to pay off unpaid defaults at a discount. Now, we’re launching a new tool for directors. It’s called Credit Simple for Business, and it allows you to see credit score, report information, risk profiling and…

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5 hobbies you don’t have to spend a fortune on

Everyone wants to go fishing without spending money, right? But how do you manage that? You need fishing rods and tackle, a boat (or a lucky spot on the coast) and bait. If you’re new to the game, you’ll have to invest in the equipment, and that expense can really add up. Taking up a new hobby on a budget is possible, but it requires forethought. We all want to try new things (golfing, fishing, off-roading) but don’t have the…

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Why did my credit score change?

Due to the amount of information that is used to calculate your credit score, it’s easy to see how your score can fluctuate. Still, if you don’t believe much has altered in your financial habits and your credit score still has changed, it can be confusing. Here are a few common reasons why credit scores change: You applied for a new loan or credit card Any new applications you make for credit will directly affect your credit score. Keep in…

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How long is information held on my credit file?

Following the introduction of comprehensive credit reporting, both positive and negative listings are recorded by credit providers. However, it is the negative listings such as bankruptcies and overdue accounts that will be listed on your file for longer and impact your ability to access credit. Use the following as a guide for how long listings will appear on your file: Type of listing Length of time it’s listed (years) Description Payment history information 2 Monthly repayment history information on active…

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Scared of your finances? 5 ways to get control over your money without looking through your fingers

Money management can be a terrifying thing. Especially if you’ve got debt – seeing large sums go in and out of your bank account is enough to give anyone the willies, even if it’s ‘good’ debt (such as a home loan). But there are strategies you can use to cope, and to not only manage your money but actually overcome those ghosts of spending past. Here’s five we’ve rounded up. Know where your money is going. Knowledge is power, and…

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5 things to remember about your finances when travelling

How long can you really afford to travel for? It’s a tough question to ask yourself, because ideally you’d constantly be jet-setting around the world and having a great time, but it’s unlikely that you can afford that. Even taking a month off can be a struggle when your income stops but the bills don’t. That’s why it’s vital you remember exactly what you have to pay for even when you’re not in the country, or staying at your home.…

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What affects your credit score?

The factors that determine your credit rating have changed dramatically in recent years, so let’s begin with a brief history lesson. Back in the old days (okay, before April 2012), your rating was only based on negative credit events, such as defaults. This meant lenders had limited data on which to judge your creditworthiness. Six years ago, a new comprehensive credit reporting (CCR) system was introduced in New Zealand. The upshot is that organisations are now allowed to share far…

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What is a good credit score range in New Zealand?

One of the most frequently asked questions that we encounter is ‘what is a good credit score?’ Without context, your rating (which will be between 0 and 1,000 at Credit Simple) won’t give you the information you need to better understand your creditworthiness. So we’ve compiled a credit score chart to help you understand what constitutes a good rating range in New Zealand. Zero score You probably don’t need our help to tell you that a zero rating isn’t great.…

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What can you do with your credit score?

What is my credit rating and what can I do with it? Credit Simple CEO David Scognamiglio chats with Channel 9 news on all things credit scores, what exactly they are, and how you can use your score to get a better deal on items such as credit cards, energy or health insurance. Did you know your credit score could get you a better deal? We have lots of offers tailored to you. Offers onsite include: Credit cards Loans Energy…

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How does my credit score affect mortgages and other loans?

The majority of purchases we make in our lifetime are affordable enough for us to either buy outright or save towards over time. This is rarely the case for high-value assets such as houses, cars and other expensive items. New Zealand’s residential property prices in April 2018 jumped 7.6 per cent over the past year to $678,856. Buying a vehicle is cheaper but still a considerable expense nonetheless. Even renting an apartment comes with significant upfront costs, such as agency…

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