Originally posted by Don't believe the Hype
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The only time the score is relevant is when you look at somebody with no defaults/limited inquiries and you see the score is low - most of the time this means they were insolvent in the past and you double check it.
In regards to trying to improve your credit score, NZ is shocking at keeping your file updated, people have paid defaults that hang around for way too long and the companies are slack to update them. This is the same for PPSR records.
As long as you don't apply for finance at multiple places a day and don't default on your loans, you are safe. On that note if you "shop around" for the best rate - you won't get it, multiple inquiries reduce your score and nobody will come back to you with a good rate because we know you will just take it elsewhere, no loyalty and no future customer value.
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