Credit References

[jeanmarcJ202]

I was just reading the Living Guide from Immigration Govt, Part 2 - On arrival and therein mention is made of "Documents, credit references and driver licences
Your first few days in New Zealand are more likely to be easy and
problem-free if you arrive with the following documents:
• birth certificates
• marriage certificates
• academic qualifications
• references from previous employers
• curriculum vitae
• credit references
• an international driver licence or permit."

I am trying to figure out in what conditions in NZ are credit reference needed? I've checked for home loan and no mention is made.

Thanks to throw some light.

JM

[BrightonBrowns]

Can't help with that, we didn't have any "credit Ref'......we had some bank statements to show the letting agents but that was it. Hope some-one else knows more.

[Duncan74]

May be a historic note, I didn't bring anything with me. Not even old bank statements. All I showed was my work contract, and then got a credit card on day 1, used that a lot and paid it off in full each month, hence built a responsible record. Had a car on finance that I paid off in full early, then arranged another loan through toyota finance. and yesterday I got an unsolicited offer for a loan from the bank which went straight in the bin. Over here then the system seems to work on an adverse rating basis - ie you're trusted until you stuff up, as opposed to the UK where you can't get credit unless you've had it before.

[ralf-nz]

Some service(s) providers will not ask for a "bond" if you have this requested credit history.

[Duncan74]

Ok, so what is that 'credit history'? It's not something that I've ever heard of in the UK, where all the credit giving organisations subscribe to a database run by equifax or equivalent. You can buy a summary print out of those, but is that what's meant.

[Sun777]

When I first opened bank account with Westpac, they told me 6 month bank statement from UK would suffice if I was interested in home loan (and if I didnt have any local credit history). Can't remember any other event when "credit reference" as a term was used

[JaniceW]

We've not been asked for this at all and got a credit card and car finance for a second vehicle (with 10% deposit) and we're not even here with PR - just 3 year work visas. OH just had to submit copy of employment contract and he'd only been in his job for 3 weeks.