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Mar 29

Tenants: you can now use your rental history to improve your credit score

STEF-COOKE-LOGOhttps://www.landlordtoday.co.uk/breaking-news/2016/3/new-scheme-will-use-rent-payments-to-contribute-to-tenants-credit-scores

Rental management company Credit Ladder has launched a new initiative that will help people to get similar credit history improvements to those enjoyed by homeowners paying off mortgages.

You must ‘opt in’ to the is free scheme. Then your rental payment information will begin building your credit history from the point you sign up. The data will show on Experian credit reports later this year.

See the Credit Ladder site for more details link

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