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  • FIRST POST
    • nnb
    • By nnb 16th Jul 17, 2:55 PM
    • 43Posts
    • 6Thanks
    nnb
    Using rent to increase credit score
    • #1
    • 16th Jul 17, 2:55 PM
    Using rent to increase credit score 16th Jul 17 at 2:55 PM
    I have been looking at ways to get my credit score as high as I can... One of the things I have read about is using rent payments.

    I haven't heard of it before, so am after some opinions! The way I have read it is that you sign up and let them know what you pay (landlord doesn't need to know) and as long as you pay your rent in full and on time, it will help boost your rating.

    Is this true? Has anyone used this? What are your thoughts?
Page 1
    • Bamber19
    • By Bamber19 16th Jul 17, 3:16 PM
    • 2,068 Posts
    • 2,132 Thanks
    Bamber19
    • #2
    • 16th Jul 17, 3:16 PM
    • #2
    • 16th Jul 17, 3:16 PM
    http://www.moneysavingexpert.com/mortgages/rental-exchange-scheme

    Some info on it there
    Bought, not Brought
    • nnb
    • By nnb 16th Jul 17, 3:29 PM
    • 43 Posts
    • 6 Thanks
    nnb
    • #3
    • 16th Jul 17, 3:29 PM
    • #3
    • 16th Jul 17, 3:29 PM
    I'm after some thoughts from people on here who have tried it - I've already read about it, as I said
    • forgotmyname
    • By forgotmyname 16th Jul 17, 5:33 PM
    • 25,454 Posts
    • 10,095 Thanks
    forgotmyname
    • #4
    • 16th Jul 17, 5:33 PM
    • #4
    • 16th Jul 17, 5:33 PM
    Your Landlord does need to know. Their terms are you need the Landlord or lettings agent have given consent.

    What if the payment system fails and your rent is late? Who is liable?

    Sub prime credit card would make more sense to me. Get a card ans use it wisely always paying it off in full.
    Punctuation, Spelling and Grammar will be used sparingly. Due to rising costs of inflation.

    My contribution to MSE. Other contributions will only be used if they cost me nothing.

    Due to me being a tight git.
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