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Homelet Credit Reference Agency Checks
lambo5461
Posts: 3 Newbie
For the sake of anyone who may be interested, as stated in a similar post by others Homelet will carry Credit Reference checks for a new Tenancy proposal.
The way this works is as follows:
Unusually the first check they carry out is with the Call Credit Reference Agency. This is relatively unusual as Call Credit are a very small agency compared to Experian/Equifax. If they get the information they require from Call Credit (i.e.. Electoral Role, No CC Judgments, some Credit History) then they stop at this point.
If Call Credit don't hold the information they require then they search Equifax and then if this doesn't yield the info they require they then contact experian.
I would assume this is a cost related issue as its probably cheaper for them to search Call Credit than it is Equifax/Experian.
They are actually a really good company, seem to move very quickly in producing the final reports and seem fair in their appraisals.
If you are reading this and are worried about the Credit checks remember that its actually the landlord who makes the decision about whether to accept you, not the estate agent or Homelet (or similar company). As other people have stated offering 6 months upfront (especially in the current economic climate) is likely to mitigate any bad credit. Also, if there is bad credit around be prepared to write a letter to the estate agent/perspective landlord explaining the reason for it. It is highly unlikely that a letter of this kind accompanied by an offer of payment up front is going to result in your application being declined. I've accepted a number of tenants that fall into this category on properties I let out and would never refuse anyone based purely on the result of a credit search.
Good luck!
The way this works is as follows:
Unusually the first check they carry out is with the Call Credit Reference Agency. This is relatively unusual as Call Credit are a very small agency compared to Experian/Equifax. If they get the information they require from Call Credit (i.e.. Electoral Role, No CC Judgments, some Credit History) then they stop at this point.
If Call Credit don't hold the information they require then they search Equifax and then if this doesn't yield the info they require they then contact experian.
I would assume this is a cost related issue as its probably cheaper for them to search Call Credit than it is Equifax/Experian.
They are actually a really good company, seem to move very quickly in producing the final reports and seem fair in their appraisals.
If you are reading this and are worried about the Credit checks remember that its actually the landlord who makes the decision about whether to accept you, not the estate agent or Homelet (or similar company). As other people have stated offering 6 months upfront (especially in the current economic climate) is likely to mitigate any bad credit. Also, if there is bad credit around be prepared to write a letter to the estate agent/perspective landlord explaining the reason for it. It is highly unlikely that a letter of this kind accompanied by an offer of payment up front is going to result in your application being declined. I've accepted a number of tenants that fall into this category on properties I let out and would never refuse anyone based purely on the result of a credit search.
Good luck!
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Comments
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Do you have any personal connection to Homelet and/or related companies? Just wondered as all three posts you have made so far as a newbie are singing the praises of this company with the company's name flagged up in the post title.................................0
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