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  • FIRST POST
    mrdeepee
    What Do Letting Agents Look Out For In Tenant Credit Checks!
    • #1
    • 4th Nov 11, 10:15 PM
    What Do Letting Agents Look Out For In Tenant Credit Checks! 4th Nov 11 at 10:15 PM
    My sister is considering renting from a Letting Agency but is concerned about the credit checks they all insist on carrying out as part of the letting process.

    She's had problems with debts in the past but has had arrangements with all her creditors for the past 4 years to make reduced payments, and she's had no worries in all this time. However, these arrangements are reflected on her credit file and this means that she has a very poor credit rating. She doesn't have any CCJs or IVAs and has never been declared bankrupt.

    She has been renting privately but now needs to move closer to her work but can't find any suitable properties to rent privately. She's now forced to consider going with Letting Agencies but she's a bit worried about them doing a credit check, seeing that she has a poor credit rating and then refusing her the let. She'll also lose the almost 200 admin fee she'll be charged for the credit check and reference process.

    So, my question is, does anyone know what letting agents look out for in a credit file that will cause them to refuse letting a property to a tenant?
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