Verified NZ is not just about reporting identity and credit information to businesses. It is also about helping you protect your credit history and giving you a better insight to how your credit report is seen by others.
Identity fraud is on the increase in New Zealand and so knowing what is happening on your credit report is key to identifying this early. Our Personal Credit Plus subscription can help to monitor your credit report history.
One of the benefits of a Personal Credit Plus subscription is that you can spot any new accounts trying to being opened in your name. This can often be the first indication that identity theft has been committed against you.
The Credit Check returns details of any court and insolvency data such as Court Judgements, SIO, NAPS and Bankruptcy Orders which are retained on an individual's credit report for a period of 5 years. Your address history is also displayed using data from address links held on the credit agency. A credit score plus a graphic illustrating how you compares to the NZ population.
Have you ever wondered how a credit lender decides whether to give you credit? One of the tools they use is your credit report. This tells them about your personal credit history and helps them assess how much of a risk lending to you will be. Our Personal Credit Plus subscription will allow you to check your credit history online instantly.
If you’ve been turned down for a credit card or loan there are steps you can take to understand why. If you’re turned down for a loan or credit card, as a result of a search on your credit reference file, the credit card or loan company should tell you this and let you know which credit reference agency they used. Then approach the credit reference agency to ask for a copy of your file.
Dont keep applying as multiple searches makes the situation worse. Several applications in a short space of time might make lenders think you’re desperate for cash.