rent and credit rating

PNPSUKNET

they mainly look for ccjs been honest, I know of a few people with crud ratings and they got it.

Britwife

You could send off for your credit reports and then you would have a clearer idea of where you stand. Each agency will do a credit check but each agency may use a different credit reporting agency.

You don't need great credit but you do need decent credit. We admitted to an old default that was satisfied years ago (falling off this month, yes!) on our experiean report. The application that we were gives asked for any defaults or credit issues. After all that, they used Call Credit and that report was super clean. We got appoved for the house. I would say even if you have a default and they can see that you have been paying on it for some time on your report, you may have a chance. They need to see consistency for a long period.

And I agree with pp about knowing the creditworthiness of your friend. You will both be responsible for the lease and if she flakes on you, you could be left having to pay all the rent yourself. If you don't know her very well, this could put you in a bad predicament.

I would really want to know why she is bouncing from house to house and why isn't her family supporting her? If she has bad credit, is she doing something about it now? It sounds like she is trying to get on with her life and make something with it.

Also, not sure but would you moving in together affect the amount she is getting? I'm clueless on that one.

I always say, if there are issues at home, why not work on them and make peace? Even if you're not to blame or have a good chat to see what is really going on. Blood is thicker than water.....yeah, I'm really old school here. If you can work through this, then I would take this opportunity to get your credit in order so you can prepare for your future.

Best wishes to both of you.

snapping_crocodile

With regards to council tax, not sure if it is the same as England and Wales but if your flatmate becomes a fulltime student and you are working, you will still have to pay council tax, but you will get a 25% reduction owning to her being a student

princeofpounds

There is no standard credit check - all that will happen is that there will be a report on your record, perhaps a recommendation from the company the landlord or agent has chosen to retain to do the search (which will be based on their own inhouse method), and then they will make their decision.

Checks are concerned with two things - your ability to pay (so they will ask for proof of income most likely) and your willingness to pay (have you failed to pay debts in the past?).

For rentals, landlords are not usually looking for sparkling records but a CCJ might put some off. If you have a good reason for it then you can negotiate with them.

Fire_Fox

If you can't afford a flat why not get a large room in a shared house?

andy_skellington

Thanks for all the replies guys.

Dont have time just now to answer all of the questions but basically:

My friend is homeless due to her family. Im not going into too much detail but basically they dont exist to her(and vice versa). My situation is different. I just dont get on with mine. I could stay here a while and pay off debt etc but I would love to move out. She has to move out. She has been offered temp accomadation and it aint exactly in the nicest part o town.

Regarding CCJ's etc I know I have none. I will speak to her about her debt issues. I do know that I always pay my debt but get bank charged more than I would like to. Do you know any good places where we can check our credit scoring (preferabbly free) . I earn a semi decent wage (see my SOA) and Im quite confident I could pay if given the chance.

Im looking out for her because right now she has no one that really cares. Maybe im just a big softy but I can see she is hurting so much just now and doesnt have anyone close.

I went through the same as her awhile back and I got help from a friend. Im just trying to pass it forward.

Karma.

Yorkie1

experian or equifax are the main credit reference agencies.

You can obtain a copy of your credit record from them for a small fee.

Alternatively, they often have offers where you sign up for their fuller service (normally several ££ a month, provide credit card details) but there's a 30-day free trial. So join, download your report, and cancel within the period. I did this - still get marketing emails but otherwise it's worked out fine and no ultimate charge as I ensured I cancelled in time.

andy_skellington

Ok coke. Ill get a reference.

Out of interest. What other services could they provide? They must get a hell of a lot of people using the 30 day free and then going "cancel sil vous plait" after like a day.

Oh well. I like it when things are free. :beer:

Jowo_2

andy_skellington wrote: »

my friend is considering going into full time education.

I am not aware of any benefits that are payable to non-disabled childless full time students. Think ahead as to how she will pay the rent and bills when she receives at most a small student loan and gets low paid part-time work.

Now is the time to find out what her £750 pcm benefits are composed of and how her move to education will affect them. She can't hope to match that sum on student loans and part-time bar work, for example.

Most tenancies will be joint tenancies which will make both tenants jointly and severally liable to pay and tenants are expected to pay for the entire term of the contract - if your friend lets down the landlord or moves out if she's broke, the landlord will expect you to pay any shortfall.

clutton_2

you have not budgeted for phone calls, travel, insurance, buying stuff for the flat - crockery/linen etc entertainment....

i really hear that you want to help your friend who is in a difficult space.. but you also need to think this through

if you each sign an contract for a single room in a shared house, )bills are usually included in the rent) then you will each know where you stand and each be responsible for your own finances.

if you sign a joint tenancy agreement with her, and she does a runner, then you will be left having to pay ALL the rent on your own... if you get taken to court for that, you will end up with a county court judgment..... You will also need to come up with rent in advance and a deposit .... do you have funds for that ?