Credit sense bank transactions
During the Good Loans process, access to your bank statements helps us understand your financial situation and confirm whether a loan is affordable.
During the Good Loans process we need the last three months of your bank statements to help understand your financial situation and confirm whether a loan is affordable.
We use Credit Sense as a third-party online service to access and analyse your bank transactions.
Using Credit Sense saves you from having to download your bank statements and email them to us yourself. It also saves us time in handling and analysing them.
How Credit Sense works:
1. You agree to provide Good Shepherd New Zealand access to the last 90 days of your bank transactions using Credit Sense
2. We email you a link to Credit Sense
3. You open this link, choose your bank, and enter your internet banking login and password
4. Credit Sense will securely provide us the last 90 days of your bank transactions and a categorised summary report from those transactions
Your online banking details, such as your username and password, are encrypted then deleted – so no one except you and your bank has access to this personal information.
Credit Sense is an Australian company used by several lenders to ensure their assessments of bank transaction histories are consistent, fair, compliant and efficient.
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