To get a glimpse of your financial future, many businesses look at your financial past. This history is contained in your credit report. Your credit report determines things like whether you qualify for a loan and the rate you'll pay on that loan.
What Is a Credit History?
Your credit history is a financial profile. It lets lenders know how you have managed money in the past and helps them decide whether or not to do business with you. This history is contained in a credit report that is kept on file by the two independent credit reporting agencies listed below. It may include such information as:
- How promptly you have paid off credit cards and loans
- How well you have handled paying other bills, such as rent and utilities
- Your total outstanding debts
- How much available credit you have on credit cards and home equity loans
Who Can See Your Credit Report?
Your credit report can and most likely will be reviewed by anyone planning to give you a loan or credit, such as banks and credit unions, credit card issuers, car financing companies and insurance companies. Some lenders may also use the details in your report to determine how much credit they are willing to offer you and at what rate.
Credit Reporting Agency Contact Information
Once a year, it’s a good idea to check your credit report for accuracy, and you can do so through the credit reporting agencies listed below. Here are their details:
Mail: PO Box 62512, Greenlane, Auckland, 1546
Phone 09 9669706
Dun & Bradstreet
Mail: PO Box 9589 Newmarket, Auckland 1031
Phone: 0800 692 733 (Opening hours Mon-Fri 9.00am - 4.00pm)
Mail: Private Bag 92156, Auckland Mail Centre, Auckland 1142
Phone: 0800 692 733