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What credit checks do estate agents use?
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# 1
tashydodah
Old 20-04-2008, 4:52 PM
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Default What credit checks do estate agents use?

I think my credit rating is low because I wasnt on the electrol registry (personal reasons) plus I had an unpaid bill from back in september (only £15) which I'm paying this week, and another bill for the internet from back in september too, will contact them and pay it this week. I registered for the electrol reg yesterday but apparently it takes 28 days to go through.

Will two canceled direct debits (i let them keep my deposit and was on the last month of the contract, but didnt cancel through the right channels) and not being on the electrol reg stop me from being accepted??

I've also moved alot lately due to personal reasons, and done two searches on experian

Last edited by tashydodah; 20-04-2008 at 5:23 PM.
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# 2
Che75
Old 20-04-2008, 5:21 PM
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What people are looking for on your credit report will vary depending on who's looking and there are no hard and fast rules. But estate agents are mostly concerned about major problems (like defaults) that indicate you're not reliable or too much credit that indicates you're overstretched.

If your supplier you say you haven't paid since Sept has registered a default against you they will have written to tell you so. So I assume this isn't the case.

I wouldn't worry too much. I don't think two missed bills or the electoral roll will hold you back. I've missed some payments but never had any problems with renting. But if you are borderline I've found estate agents are quite willing to accept additional evidence (bank statements, bank references, savings) to back up your ability to pay.

Best of luck x
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# 3
courtjester
Old 21-04-2008, 4:43 PM
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what makes you think estate agents do credit checks on buyers .... ?
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# 4
PBA
Old 21-04-2008, 4:48 PM
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Quote:
Originally Posted by courtjester View Post
what makes you think estate agents do credit checks on buyers .... ?
They won't (well, their in house brokers might). They will do credit checks on tenants though.
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# 5
tbs624
Old 21-04-2008, 5:19 PM
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Have a look here:
http://www.tenantverify.co.uk/comprehensive.htm and here: http://www.rentchecks.com/ for an idea of what the most common checks look at and here: http://www.moneysavingexpert.com/ban...g-credit-score for MSE Martin’s guide to credit ratings.


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