Credit Scores

A credit score is like a grade that tells banks and lenders how good you are at handling money. It's a number, usually between 300 and 850, that shows if you pay your bills on time or not.

The higher your score, the better you look to those lending you money. It's a bit like in video games - the higher your score, the more levels (or financial opportunities) you unlock! In New Zealand, your credit score helps banks and some companies decide whether to trust you with loans, credit cards, contracts, or even rentals.