Document background
A Credit Reference Letter is a fundamental tool in New Zealand's business and financial landscape, used to facilitate credit decisions and business relationships. This document is typically requested when establishing new business relationships, applying for loans, leasing property, or entering into significant financial commitments. The letter provides authorized third parties with reliable information about the subject's financial conduct, credit history, and payment behavior. Under New Zealand law, particularly the Privacy Act 2020 and Credit Reporting Privacy Code 2020, the letter must be prepared with careful consideration of privacy requirements and data protection obligations. The document should only include relevant, accurate information and must be issued with the subject's explicit consent.
