Help - Poor credit score potentially preventing renting a property...

[Deleted User]

schmeil1 wrote: »

Did you mean 'Letting Agents' ? ?

Lenders, letting agents... anyone that looks at your report apart from you.

For reference: https://www.checkmyfile.com/articles/2921/credit-check/what-landlords,-employers-and-lenders-see-on-your-credit-report.htm

Blackpool_Saver

What can landlords see?
Landlords also routinely run checks on potential tenants but, unlike with lenders, the information available to them is purely public – this means that credit account history (credit cards/loans etc.), financial associations, and past credit applications will be hidden from them. These are called “soft-searches” and are used regularly by landlords, employers and insurance companies.

Why do they search my credit file?
Landlords want to know that the person they’re letting into their property is who they say they are; they can do this, which is corroborated by checking your Electoral Roll status at current and previous addresses lines up with what you’ve provided.

They will also check for Court information to gain an idea of whether there has been any serious issue in the past with reclaiming payments. As the landlord has no visibility of your previous credit agreements, this is the best insight they can get from your credit file as to into whether you have a seriously troubled repayment history. As a result, the presence of any court information can make a big difference to the outcome of your application.

Landlords will often ask for proof of income, in the form of a reference or payslip, as a means of assessing whether you are likely to be able to afford the monthly rent.

schmeil1

Blackpool_Saver wrote: »

I don't know who is telling you all this rubbish, but they are talking absolute nonsense. Google it for yourself.
Look at your reports, check my file shows all of them.

To be fair, this was the advice of only one Letting Agent, others may well take a different view I suppose...

However, there is no getting around the fact that I have 3 defaults recorded on my file, adversely affecting my credit score, which Experian describe as 'very poor'

Blackpool_Saver

schmeil1 wrote: »

To be fair, this was the advice of only one Letting Agent, others may well take a different view I suppose...

However, there is no getting around the fact that I have 3 defaults recorded on my file, adversely affecting my credit score, which Experian describe as 'very poor'

Yes but letting agents can only do soft searches, see above from checkmyfile

schmeil1

!!! wrote: »

Lenders, letting agents... anyone that looks at your report apart from you.

For reference: checkmyfile.com articles

On Blackpool_Savers advice I have just this minute read that info on checkmyfile

schmeil1

Blackpool_Saver wrote: »

Yes but letting agents can only do soft searches, see above from checkmyfile

Thank you

It appears that I may have been a little too 'honest', perhaps, with the Letting Agent that I spoke to...

I guess in this day and age, one has to be a little more circumspect...

[Deleted User]

schmeil1 wrote: »

However, there is no getting around the fact that I have 3 defaults recorded on my file, adversely affecting my credit score, which Experian describe as 'very poor'

Still irrelevant in any situation

Blackpool_Saver

Good luck, check your file, no ccj's, bankruptcy, fraud or other 'bad' stuff and you will be fine ;-)

https://www.checkmyfile.com/

schmeil1

Well, perhaps I was being too hasty...

On Blackpool_Savers advice I have just accessed my Checkmyfile Credit score...

I'm comfortably above 'the Red'

620 out of 1000

"Overall, your checkmyfile Credit Score is fair, but some of your credit history points to a possible risk of default on future loans. Keeping payments up-to-date will help improve your score."

Willing2Learn

schmeil1 wrote: »

On Blackpool_Savers advice I have just accessed my Checkmyfile Credit score...

I'm comfortably above 'the Red'

620 out of 1000

"Overall, your checkmyfile Credit Score is fair, but some of your credit history points to a possible risk of default on future loans. Keeping payments up-to-date will help improve your score."

Just remember that a letting agent will neither see nor use your credit score. They will only see the data held in your credit file.