Easy Three Step Process
Stadium Finance sends a secure link to the Credit Sense or Illion portal.
Input your banking credentials for chosen provider(s) and select which statements to receive.
The last 90 days of transactions will be sent securely to Stadium Finance.
Credit Sense and Illion are services used by Stadium Finance to facilitate automatic bank statement retrieval during the online loan application process.
Credit Sense and Illion are both Australian owned and operated companies and are both used by several leading Australian and New Zealand lenders to ensure that credit provider assessments of customer transaction histories are consistent, fair, compliant and efficient.
New Zealand credit providers such as Stadium Finance are obligated to make reasonable inquiries about their customer’s personal situation and be satisfied that the products they are offering are not unsuitable. This enables Stadium Finance to engage our customers with a clearer understanding of their financial situation and more accurately assess the suitability of our products for our customers.
Credit Sense and Illion assist Stadium Finance to comply with all obligations to our potential customers required by law under the Credit Contracts and Consumer Finance Act 2003.
During the Stadium Finance Loan Application process, you will be asked to input your online banking details so that a summary of your last 90 days bank statement can be retrieved for automatic analysis.
Please note: During this process, your online banking details are not stored by either Stadium Finance, Credit Sense or Illion. To learn more about Credit Sense and Illion, please use the links below:
Credit Sense - www.creditsense.com.au - To view Credit Sense's privacy policy please click here.
Illion - www.illion.co.nz - To view Illion's privacy policy please click here.
Watch our video here explaining what Credit Sense is:
No. Stadium Finance offers its potential customers the ability to submit their last 90 days of bank transaction history through the Credit Sense and Illion services.
Stadium Finance is granted encrypted access to your bank statement transactions through Credit Sense or Illion and your Internet banking service provider. During the Stadium Finance Loan Application process you will be required to choose your bank, then enter your Internet banking user ID and password. Credit Sense or Illion will download the last 90 days of transaction history and perform the automatic categorisation that Stadium Finance requires.
We do not keep your Internet banking user ID or password. Your user ID and password is encrypted when you enter it, passed to your bank once to gain access to your transaction history and then permanently deleted. If you need to use us again, you will need to re-enter your user ID and password.
Your transaction history is encrypted whilst with Credit Sense or Illion and delivered to Stadium Finance using secure protocols.
Your user ID and password are encrypted by Illion as you enter them, once your transaction history has been obtained it is also encrypted and your user ID and password are permanently deleted. If you are still concerned, you could simply change your Internet banking password after using the Illion service.
No. Only the credit provider (Stadium Finance who orders the assessment can obtain a copy of the assessment. Because Credit Sense and Illion do not maintain any identifiable information about credit provider applicants it cannot independently identify your assessment to provide it to other third-party credit providers.