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Renting with poor credit history

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andy40
andy40 Posts: 171 Forumite
Part of the Furniture
in Debt-free wannabe
I am having to find a new place to live and I am concerned that my previous poor credit history will cause a problem.
I was on a Debt Management Plan until mid 2014, since then everything has been fine.
I have been in my current place for 5 years and never had a problem paying the rent.
I have been in my current job for 15 years.

Advice is welcome.

I have already posted in the House Buying, Renting & Selling Board with no response.

Andy
«1

Comments

  • sourcrates
    sourcrates Posts: 31,590 Ambassador
    Part of the Furniture 10,000 Posts I've been Money Tipped! Name Dropper
    edited 16 January 2016 at 11:14PM
    andy40 wrote: »
    I am having to find a new place to live and I am concerned that my previous poor credit history will cause a problem.
    I was on a Debt Management Plan until mid 2014, since then everything has been fine.
    I have been in my current place for 5 years and never had a problem paying the rent.
    I have been in my current job for 15 years.

    Advice is welcome.

    I have already posted in the House Buying, Renting & Selling Board with no response.

    Andy

    Hi Andy,

    You should have no problem renting Andy.

    Any potential landlord only has access to the "public information" section of your credit file, unless it's a housing association with a consumer credit licence.

    They can't see your financial information, so as long as you have no IVA's, DRO's, or are Bancrupt, you should be fine !!!

    Even if you did have any of the above, it would not always be a barrier to renting.
    I’m a Forum Ambassador and I support the Forum Team on the Debt free wannabe, Credit file and ratings, and Bankruptcy and living with it boards. If you need any help on these boards, do let me know. Please note that Ambassadors are not moderators. Any posts you spot in breach of the Forum Rules should be reported via the report button, or by emailing forumteam@moneysavingexpert.com. All views are my own and not the official line of MoneySavingExpert.For free non-judgemental debt advice, contact either Stepchange, National Debtline, or CitizensAdviceBureaux.Link to SOA Calculator- https://www.stoozing.com/soa.php The "provit letter" is here-https://forums.moneysavingexpert.com/discussion/2607247/letter-when-you-know-nothing-about-about-the-debt-aka-prove-it-letter
  • Given2Fly1981
    Given2Fly1981 Posts: 5 Forumite
    Hi, sorry to hijack the thread. Does the same advice regarding access to credit files apply to letting agencies?
  • HappyMJ
    HappyMJ Posts: 21,115 Forumite
    10,000 Posts Combo Breaker
    Given2Fly1981 wrote: »
    Hi, sorry to hijack the thread. Does the same advice regarding access to credit files apply to letting agencies?

    Same advice yes. Letting agents and landlords use companies that check the public records for a fee. Those companies are the same.
    :footie:
    :p Regular savers earn 6% interest (HSBC, First Direct, M&S) :p Loans cost 2.9% per year (Nationwide) = FREE money. :p
  • sourcrates
    sourcrates Posts: 31,590 Ambassador
    Part of the Furniture 10,000 Posts I've been Money Tipped! Name Dropper
    Given2Fly1981 wrote: »
    Hi, sorry to hijack the thread. Does the same advice regarding access to credit files apply to letting agencies?

    Same advice applies, see here :

    http://www.experian.co.uk/consumer/questions/askjames370.html
    I’m a Forum Ambassador and I support the Forum Team on the Debt free wannabe, Credit file and ratings, and Bankruptcy and living with it boards. If you need any help on these boards, do let me know. Please note that Ambassadors are not moderators. Any posts you spot in breach of the Forum Rules should be reported via the report button, or by emailing forumteam@moneysavingexpert.com. All views are my own and not the official line of MoneySavingExpert.For free non-judgemental debt advice, contact either Stepchange, National Debtline, or CitizensAdviceBureaux.Link to SOA Calculator- https://www.stoozing.com/soa.php The "provit letter" is here-https://forums.moneysavingexpert.com/discussion/2607247/letter-when-you-know-nothing-about-about-the-debt-aka-prove-it-letter
  • andy40
    andy40 Posts: 171 Forumite
    Part of the Furniture
    Thank you both sourcrates and HappyMJ, that puts my mind at rest.
    I do not have any IVA's, DRO's, or am Bancrupt.

    Should I mention that I have had problems in the past to the letting agent or landlord? I would prefer to be upfront.

    Andy
  • sourcrates
    sourcrates Posts: 31,590 Ambassador
    Part of the Furniture 10,000 Posts I've been Money Tipped! Name Dropper
    andy40 wrote: »
    Thank you both sourcrates and HappyMJ, that puts my mind at rest.
    I do not have any IVA's, DRO's, or am Bancrupt.

    Should I mention that I have had problems in the past to the letting agent or landlord? I would prefer to be upfront.

    Andy

    What they don't know won't hurt them !!!!
    I’m a Forum Ambassador and I support the Forum Team on the Debt free wannabe, Credit file and ratings, and Bankruptcy and living with it boards. If you need any help on these boards, do let me know. Please note that Ambassadors are not moderators. Any posts you spot in breach of the Forum Rules should be reported via the report button, or by emailing forumteam@moneysavingexpert.com. All views are my own and not the official line of MoneySavingExpert.For free non-judgemental debt advice, contact either Stepchange, National Debtline, or CitizensAdviceBureaux.Link to SOA Calculator- https://www.stoozing.com/soa.php The "provit letter" is here-https://forums.moneysavingexpert.com/discussion/2607247/letter-when-you-know-nothing-about-about-the-debt-aka-prove-it-letter
  • Boatdweller
    Boatdweller Posts: 158 Forumite
    You can also offer to pay for rent guarantee insurance for the LL.
  • HappyMJ
    HappyMJ Posts: 21,115 Forumite
    10,000 Posts Combo Breaker
    Boatdweller wrote: »
    You can also offer to pay for rent guarantee insurance for the LL.

    The rent guarantee insurance is only valid if the tenant passes credit referencing....i.e has no CCJ's. RGI also has a one month excess to pay and only pays until the end of the fixed term. May as well pay all the rent upfront.
    :footie:
    :p Regular savers earn 6% interest (HSBC, First Direct, M&S) :p Loans cost 2.9% per year (Nationwide) = FREE money. :p
  • andy40
    andy40 Posts: 171 Forumite
    Part of the Furniture
    Update - I passed the credit check with no comment from the letting agent.

    Happily unpacking now!
  • HappyMJ
    HappyMJ Posts: 21,115 Forumite
    10,000 Posts Combo Breaker
    andy40 wrote: »
    Update - I passed the credit check with no comment from the letting agent.

    Happily unpacking now!

    Yay...well done. :T :j
    :footie:
    :p Regular savers earn 6% interest (HSBC, First Direct, M&S) :p Loans cost 2.9% per year (Nationwide) = FREE money. :p
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