I don't like this decision by Experian one little bit. From January they will be reporting rent payment history on your credit file. They're arguing that this will help consumers to build up a good credit history in the same way as people who have a mortgage payment history. They claim this will help renters to access credit more easily.
But what about tenants who have rent arrears or late payments sometimes because Housing Benefit has been slow to process? This data will make life even more difficult for those in debt.
The scheme starts with social housing data but soon it will be rolled out to private Landlords to provide information.
http://www.landlordtoday.co.uk/news_...y-the-New-Year
But what about tenants who have rent arrears or late payments sometimes because Housing Benefit has been slow to process? This data will make life even more difficult for those in debt.
The scheme starts with social housing data but soon it will be rolled out to private Landlords to provide information.
http://www.landlordtoday.co.uk/news_...y-the-New-Year
Comment