Geekzone: technology news, blogs, forums
Guest
Welcome Guest.
You haven't logged in yet. If you don't have an account you can register now.




126 posts

Master Geek
+1 received by user: 5


Topic # 151086 13-Aug-2014 17:27
Send private message

I was wondering if someone (such as myself) who doesn't have credit but a stable income and is studying would get through the credit check process?

I'm only 21 so I've never needed to loan or use a credit card before as I would just my own visa debit card.

Also how long is the average waiting time to find out if you're successful or not?

Thank you.

View this topic in a long page with up to 500 replies per page Create new topic
 1 | 2
5722 posts

Uber Geek
+1 received by user: 1682

Trusted

  Reply # 1107825 13-Aug-2014 17:37
Send private message

Hi,

Couldnt comment too much but it really just checks to be sure you are not a previous (Another Telco's) customer and owe them $$$ or have a past of bad debt. if you have no credit record you wont have an issue.




Steam: Coil (Same photos as profile here)
Origin: Scranax
Currently playing on PC: Rust, Subnautica, CS:GO, AOE2 HD, BeamNG Drive, BF1.


610 posts

Ultimate Geek
+1 received by user: 72

Trusted

  Reply # 1107826 13-Aug-2014 17:38
Send private message


[Editing now that I've noticed this is in the Vodafone forum.. fail...]

Any credit check is putting the risk against the reward; a credit check for a cellphone contract is not going to be as hard-core as one for a significant hire purchase item.

With a stable fulltime wage in a job i'd had for a reasonable amount of time, and with no other credit history, I was able to get a Hire Purchase for a $1500 item.  When I'd paid this off without defaulting, my credit history was positive.  The hard part is getting on the ladder, once you're on it it's easy to maintain positive credit as long as you don't default.

Without a history of credit, you just need to establish that you're not a significant risk. If you can demonstrate steady income and no history of defaults I would be surprised if you had a problem.




 
 
 
 


Try Wrike: fast, easy, and efficient project collaboration software
564 posts

Ultimate Geek
+1 received by user: 71

Trusted
Lifetime subscriber

  Reply # 1107827 13-Aug-2014 17:38
Send private message

What kind of credit you are looking to apply?  A credit card, personal loan, or just simply a pay monthly/on account mobile phone connection?

Credit check now a days are very quick.  I was applying for a 2degrees pay monthly account online, one of the steps was a credit check.  I just entered my details as requested and the check was done in a few seconds.

Talk to the provider of the thing(s) that you want to apply for regarding the credit check process involved, and the cost of it.  Depends of what you are after I believe major banks or telcos don't charge you for a credit check, it is just part of their cost of doing business.



126 posts

Master Geek
+1 received by user: 5


  Reply # 1107830 13-Aug-2014 17:41
Send private message

I'm looking to get the Xperia Z2 on $0 upfront on $129 a month on Vodaphone Red.

And no, the only telco I've been with since returning home to NZ is Vodafone (pre paid) and over in Australia I was never on a plan with a telco just pre paid too.

564 posts

Ultimate Geek
+1 received by user: 71

Trusted
Lifetime subscriber

  Reply # 1107831 13-Aug-2014 17:41
Send private message

Also, with Comprehensive Credit Reporting www.rcanz.org.nz/sites/default/files/CR1.pdf, you might have a good credit record just by paying your bills on time.  =-)

Doesn't know what he doin
2876 posts

Uber Geek
+1 received by user: 368

Subscriber

  Reply # 1107833 13-Aug-2014 17:41
One person supports this post
Send private message

I think it depends what type of credit you're going for?

ASB gave me $2.5K overdraft and $1K credit card on my tertiary account with them, and I'm barely 20.
My mate who is also with ASB and has same deal as me, as well as a $2.5K Q-Card got approved for a $4K personal loan from ASB just last week. He's 21. 

I've always been approved within seconds over the phone/in person with ASB and assume most banks would be the same. 

Obviously if you're applying for a home loan it would probably be a bit more work than an overdraft, but you should discuss it with your bank.

edit: just realised it's in the Vodafone forum. Oops

I've been on contract with Voda and Telecom in the past, and on many pay monthly accounts with nearly every provider. Each time they did a credit check and I was approved right away since I haven't defaulted on any debt or contracts in the past. I assume you'll be the same since you said you have no credit as it is which is fine. I was 18 when I got the iPhone 5 on Telecom 24month contract, and opted for deferred payment at the time so was effectively an $800 loan. No troubles at all. 




Bachelor of Computing Systems (2015)

 

--

 

Late 2013 MacBook Pro with Retina Display (4GB/2.4GHz i5/128GB SSD) - HP DV6 (8GB/2.8GHz i7/120GB SSD + 750GB HDD)
iPhone 6S + (64GB/Gold/Vodafone NZ) - Xperia Z C6603 (16GB/White/Spark NZ)

Sam, Auckland 


5722 posts

Uber Geek
+1 received by user: 1682

Trusted

  Reply # 1107836 13-Aug-2014 17:43
One person supports this post
Send private message

tardtasticx: I think it depends what type of credit you're going for?

ASB gave me $2.5K overdraft and $1K credit card on my tertiary account with them, and I'm barely 20.
My mate who is also with ASB and has same deal as me, as well as a $2.5K Q-Card got approved for a $4K personal loan from ASB just last week. He's 21. 

I've always been approved within seconds over the phone/in person with ASB and assume most banks would be the same. 

Obviously if you're applying for a home loan it would probably be a bit more work than an overdraft, but you should discuss it with your bank.


Lol, ASB have shown the love to me too and i didnt let them down.





Steam: Coil (Same photos as profile here)
Origin: Scranax
Currently playing on PC: Rust, Subnautica, CS:GO, AOE2 HD, BeamNG Drive, BF1.




126 posts

Master Geek
+1 received by user: 5


  Reply # 1107839 13-Aug-2014 17:46
Send private message

I applied for the phone and deal last night and haven't heard back from them just a customer service rep telling me it could take between 2-3 days and it'll be done by the end of the week.

I also applied for a credit card earlier today with kiwibank.

Doesn't know what he doin
2876 posts

Uber Geek
+1 received by user: 368

Subscriber

  Reply # 1107844 13-Aug-2014 17:50
Send private message

TyroneB: I applied for the phone and deal last night and haven't heard back from them just a customer service rep telling me it could take between 2-3 days and it'll be done by the end of the week.



I also applied for a credit card earlier today with kiwibank.


Was it a home line connection? Perhaps they have other checks to do like line quality or eligibility and stuff like that?




Bachelor of Computing Systems (2015)

 

--

 

Late 2013 MacBook Pro with Retina Display (4GB/2.4GHz i5/128GB SSD) - HP DV6 (8GB/2.8GHz i7/120GB SSD + 750GB HDD)
iPhone 6S + (64GB/Gold/Vodafone NZ) - Xperia Z C6603 (16GB/White/Spark NZ)

Sam, Auckland 


874 posts

Ultimate Geek
+1 received by user: 572

Trusted

  Reply # 1107860 13-Aug-2014 17:55
One person supports this post
Send private message

TyroneB: I applied for the phone and deal last night and haven't heard back from them just a customer service rep telling me it could take between 2-3 days and it'll be done by the end of the week.

I also applied for a credit card earlier today with kiwibank.



You should be right, The next time you hear from Vodafone it will most likely be that your phone is on its way.

The actual credit check part takes all of around 2 minutes, The longest part is waiting for credit review to actually do the check / activations to setup the connection:)



126 posts

Master Geek
+1 received by user: 5


  Reply # 1107861 13-Aug-2014 17:56
Send private message

Nope, just the phone and plan, pretty nervous haha, first time with a long term contract that's not work.

We already have Vodafone from home line rental but its only 40gb.

Speaking of and a little off topic, I it possible to move someone's vodafone account into my name and then I have control of and am able to upgrade the service?

874 posts

Ultimate Geek
+1 received by user: 572

Trusted

  Reply # 1107862 13-Aug-2014 17:59
Send private message

Is the Fixedline & Broadband in your name? if so this should speed things up as you're already a customer.

Yep you can take over someone elses mobile account, They would need to give you authorisation to the number and then you go signup a connection with that number. 



126 posts

Master Geek
+1 received by user: 5


  Reply # 1107864 13-Aug-2014 18:00
Send private message

No the fixed lined and broadband isn't in my name, that's what I want to put in my name to sort it out myself as my uncle isn't the smartest Samoan in the world. :P

874 posts

Ultimate Geek
+1 received by user: 572

Trusted

  Reply # 1107867 13-Aug-2014 18:04
One person supports this post
Send private message

TyroneB: No the fixed lined and broadband isn't in my name, that's what I want to put in my name to sort it out myself as my uncle isn't the smartest Samoan in the world. :P


In that case you will be checked as a new customer, In terms of change of ownership, He would simply need to give  the customer care team a call and arrange a change of ownership.



126 posts

Master Geek
+1 received by user: 5


  Reply # 1107870 13-Aug-2014 18:09
Send private message

Alright thank you brother, I shall get this phone stuff sorted first of all and look into that.

Hopefully I don't get declined haha. :-)

 1 | 2
View this topic in a long page with up to 500 replies per page Create new topic



Twitter »

Follow us to receive Twitter updates when new discussions are posted in our forums:



Follow us to receive Twitter updates when news items and blogs are posted in our frontpage:



Follow us to receive Twitter updates when tech item prices are listed in our price comparison site:





News »

UpStarters - the New Zealand tech and innovation story
Posted 21-May-2018 09:55


Lightbox updates platform with new streaming options
Posted 17-May-2018 13:09


Norton Core router launches with high-performance, IoT security in New Zealand
Posted 16-May-2018 02:00


D-Link ANZ launches new 4G LTE Dual SIM M2M VPN Router
Posted 15-May-2018 19:30


New Panasonic LUMIX FT7 ideal for outdoor: waterproof, dustproof
Posted 15-May-2018 19:17


Ryanair Goes All-In on AWS
Posted 15-May-2018 19:14


Te Papa and EQC Minecraft Mod shakes up earthquake education
Posted 15-May-2018 19:12


Framing Facebook: It’s not about technology
Posted 14-May-2018 16:02


Vocus works with NZ Police and telcos to stop scam calls
Posted 12-May-2018 11:12


Vista Group signs Aeon Entertainment, largest cinema chain in Japan
Posted 11-May-2018 21:41


New Privacy Trust Mark certifies privacy and customer control
Posted 10-May-2018 14:16


New app FIXR connects vehicle owners to top Mechanics at best prices
Posted 10-May-2018 14:13


Nutanix Beam gives enterprises control of the cloud
Posted 10-May-2018 14:09


D-Link ANZ launches Covr Seamless Wi-Fi System
Posted 10-May-2018 14:06


Telstra, Intel and Ericsson demonstrate a 5G future for esports
Posted 10-May-2018 13:59



Geekzone Live »

Try automatic live updates from Geekzone directly in your browser, without refreshing the page, with Geekzone Live now.



Are you subscribed to our RSS feed? You can download the latest headlines and summaries from our stories directly to your computer or smartphone by using a feed reader.

Alternatively, you can receive a daily email with Geekzone updates.