A PropTech supplier claims landlords and letting agents can now offer tenants a new service potentially boosting credit scores with Equifax and Experian by ‘reporting’ rent payments.
The product is available via the Tenant Shop referencing service.
Called MyCreditBooster, it provides verification of rental payments via open-source banking and the team behind it have been working with Experian and Equifax to include the reported data in credit rating calculations. The people behind the service claim that landlords benefit from tenants who choose to link their rent payments to their credit scores as this provides additional incentive to maintain on-time and in-full rental payments.
.png)
(1).png)
.jpg)
%20(002).png)
