Elim Housing has teamed up with Big Issue Invest, part of the well-known Big Issue Group and Experian to take part in the Rental Exchange.
The Rental Exchange is a way to strengthen your credit report without you needing to take on new credit. The scheme enables us to share details about the rent you pay with Experian on a monthly basis. This is then included in your credit report, meaning you will then be recognised for paying your rent on time
The key benefits are seen to be proof of financial reliability, access to cheaper credit and automated evidence of identity and proof of address.
The Rental Exchange letter [pdf] 101KB we sent to all Elim residents includes more information about the benefits of the scheme.
We will automatically share our residents tenancy information with Experian, including their track record for paying your rent and service charges to us. Residents are able to opt out of this scheme and can do this by contacting us before 19th February 2016.
Elim and Experian, will make sure that resident information is treated in accordance with the Data Protection Act so residents can have peace of mind that it will be kept secure and confidential. Resident information will not be used for marketing purposes.
Request a copy of your Statutory Credit Report (This costs £2.00)
Read The Rental Exchange…