A credit score is a number between 0 and 1,000 that ...

[Pages:1]What is a credit score?

A credit score is a number between 0 and 1,000 that indicates how good you are at paying your bills.

It's the primary measure banks and credit providers use to determine whether they will give you credit, including a mortgage, personal loan, credit card and even an electricity account. The higher a person's credit score, the more financially responsible and credit-worthy they are.

Many Kiwis don't realise how much influence their credit score has on whether they can get credit and at what price. If you have a good credit score, you may be able to get better financial deals than you think.

Through Credit Simple, Kiwis can instantly access their credit score and use it to get better deals, from banks, energy companies, and telecommunication providers. Credit Simple also offers handy financial tools to help people monitor their credit information, compare their score to others, and improve their score.

We asked Kiwis about their credit scores

77%

72% of Kiwis have never heard of credit scores

Only 13% have ordered their credit file before, so we're missing out!

Of Kiwis have a score between 500 and 1,000

How credit scores stack up

526

The average NZ credit score is 526

Credit scores range from 1 to 1,000

600+

A good score is more than 600

720+

A fantastic score is more than 720

If your score is higher than 720

Talk to your bank about a better deal on your mortgage, accounts or credit card.

creditsimple.co.nz

If your score is below 720

We recommend looking into how you manage your debt, to help boost your score and make you more appealing to banks and other businesses that give credit.

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