Residents Management Company Credit Score

deed02392

Hi,

we’re a small (7 flats) RMC on a variable energy tariff for the communal lighting and fire alarm system. We are paying nearly £3 a day standing charge.

We asked our supplier to move us to a fixed contract but they said our credit score was too poor.

I use Credit Karma to track my personal score but how can we do something similar for our company?

thanks!

MyRealNameToo

deed02392 said:

we’re a small (7 flats) RMC on a variable energy tariff for the communal lighting and fire alarm system. We are paying nearly £3 a day standing charge.

We asked our supplier to move us to a fixed contract but they said our credit score was too poor.

I use Credit Karma to track my personal score but how can we do something similar for our company?

In a similar way but as companies tend to work differently to consumers and arent so gullible/suggestible and so there arent free services that pay for themselves by pushing credit via affiliate marketing or getting additional data with promises of an improvement to your meaningless score. As such they are paid for services. 

For example https://www.experian.co.uk/business-express/credit-report/my-company/ allows you to track your meaningless score for £30/month 

Savvy_Sue

Have you thought of using an energy broker? I don't know what your 'company' setup is: the charity I used to work for used https://utility-aid.co.uk/

deed02392

thanks for the replies! 

MyRealNameToo said:

For example https://www.experian.co.uk/business-express/credit-report/my-company/ allows you to track your meaningless score for £30/month

with respect, the score is obviously not meaningless because it is the very reason SSE refused to offer us a fixed contract. hence the reality of paying nearly £3 a day to run a few communal LEDs.

it does look like https://utility-aid.co.uk/ could help us, as an RMC I believe we are considered a non-profit.