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Rentguard...

seasideme
seasideme Posts: 109 Forumite
in House buying, renting & selling
Has anyone used them before? What do they actually get to see?
Debt slowly coming down.[STRIKE] DRO off credit report July 2015![/STRIKE] credit history getting better!

Comments

  • G_M
    G_M Posts: 51,977 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Combo Breaker
    What do you mean 'what do they see'?

    Why asking? You're a LL? So evaluate what insurance you need and what Retguard offer in comparison to other rent guarantee policies.
  • HappyMJ
    HappyMJ Posts: 21,115 Forumite
    10,000 Posts Combo Breaker
    seasideme wrote: »
    Has anyone used them before? What do they actually get to see?

    IVA's, DRO's and Bankruptcy records.

    They may also make enquiries to see if you have CCJ's they'll see the dates, amounts, court and the claimants name and whether or not the CCJ has been satisfied. They could also see any High Court judgements.

    They can't see your credit limits on your loans and credit cards or the payment history.
    :footie:
    :p Regular savers earn 6% interest (HSBC, First Direct, M&S) :p Loans cost 2.9% per year (Nationwide) = FREE money. :p
  • seasideme
    seasideme Posts: 109 Forumite
    G_M wrote: »
    What do you mean 'what do they see'?

    Why asking? You're a LL? So evaluate what insurance you need and what Retguard offer in comparison to other rent guarantee policies.

    No I'm about to rent a flat. Do they just see public information or a full credit history?
    Debt slowly coming down.[STRIKE] DRO off credit report July 2015![/STRIKE] credit history getting better!
  • seasideme
    seasideme Posts: 109 Forumite
    HappyMJ wrote: »
    IVA's, DRO's and Bankruptcy records.

    They may also make enquiries to see if you have CCJ's they'll see the dates, amounts, court and the claimants name and whether or not the CCJ has been satisfied. They could also see any High Court judgements.

    They can't see your credit limits on your loans and credit cards or the payment history.

    I no longer have a DRO but I do have a few defaults. The form is asking me to list my credit cards, do they get to see this information - credit card company, limit, balance etc
    Debt slowly coming down.[STRIKE] DRO off credit report July 2015![/STRIKE] credit history getting better!
  • HappyMJ
    HappyMJ Posts: 21,115 Forumite
    10,000 Posts Combo Breaker
    seasideme wrote: »
    I no longer have a DRO but I do have a few defaults. The form is asking me to list my credit cards, do they get to see this information - credit card company, limit, balance etc

    No none of that. The defaults won't be seen either.

    Have a look at the example on the website...

    https://www.rentguardtenantref.co.uk/downloads/Full-Tenant-Reference-Report.pdf
    :footie:
    :p Regular savers earn 6% interest (HSBC, First Direct, M&S) :p Loans cost 2.9% per year (Nationwide) = FREE money. :p
  • seasideme
    seasideme Posts: 109 Forumite
    thanks for that, so they get to see how many credit accounts you have but not the names, balances, limits etc
    Debt slowly coming down.[STRIKE] DRO off credit report July 2015![/STRIKE] credit history getting better!
  • HappyMJ
    HappyMJ Posts: 21,115 Forumite
    10,000 Posts Combo Breaker
    seasideme wrote: »
    thanks for that, so they get to see how many credit accounts you have but not the names, balances, limits etc

    That's correct.
    :footie:
    :p Regular savers earn 6% interest (HSBC, First Direct, M&S) :p Loans cost 2.9% per year (Nationwide) = FREE money. :p
  • seasideme
    seasideme Posts: 109 Forumite
    thanks :) makes me feel so much better about this whole process. I do this every time I rent somewhere, don't think I've used the same company twice. Last time I had a DRO so needed a guarantor thankfully that fell off my report last month :)
    Debt slowly coming down.[STRIKE] DRO off credit report July 2015![/STRIKE] credit history getting better!
This discussion has been closed.
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