Renting-Here’s how to boost your credit rating

Renting-Here’s how to boost your credit rating
03/01/2017 Georgia Eyre

What Credit Score Is Needed For Renting Your Own Place ?



You’re getting your own place. Letting your independence shine.

Town chosen, perfect number of rooms, views your old neighbours will be jealous of and the decor picked out feng shui style. But the bubble can soon pop in a waterfall of satin twilight dreams if your credit score lets you down.

Oh no no no, I hear you say, I have been a savvy money saver and will have no problems renting or getting a mortgage. Maybe you have been, but there are often small things most of us don’t think about that could actually be harming our Credit Score more than you think.

If you’re looking to rent you might think that your credit score doesn’t have the same impact as if you are looking to buy, and yes, you’re correct, it doesn’t need to be as high as if you are looking to get a mortgage.

But, answer me this, are you thinking that in a few years time you might like to move on and have your own house? If so, renting can be the very important building blocks towards that dream.



Making sure you are an A-star tenant can be detrimental for your future plans.

Even if right now you can’t think beyond the next two weeks because let’s face it, Christmas and New Year are a pretty big deal right, but would it hurt to step away from the box of celebrations for 5 minutes to check you’re doing what you can so that Christmas 2017 or beyond, might be the year you really get what you want.

After all, having a good Credit Score can help you in renting a property and if your monthly payments are correctly reported it can help boost your Credit Score, so double check your landlord is providing this information to the Rental Exchange Scheme.

But remember, this can work in both ways, if you are paying your rent on time great, if you have been late or missed payments the report can have the opposite effect on your score.





Think landlords only Credit Check a small proportion of applicants?

A huge 68% of landlords now take your Credit Score into account when looking for tenants and 62% agreed it was, the most important thing they need to make a decision.

With nearly half of these landlords now doing a credit check on all potential tenants it doesn’t leave you much room to slip through without being checked.



You’ve only missed a few payments, and a couple times they were late, but you made up for it and paid a bit extra the next month so that’s ok. It’s a common thought but something as simple as late payments can have a huge affect on your Credit Score.

Whether it’s a credit card bill, a store card you’ve been a bit Christmas happy on, or maybe you are already renting and want to move somewhere bigger, those forgotten payments can add up.

You probably don’t know your next landlord and there’s a strong chance they won’t be your best buddy of 20 years, so unfortunately they don’t know anything about you either.

A forgotten or late can seem irresponsible to a landlord who only knows that you’ll pay them on time by looking at your Credit Score.

Don’t mistake this for you being judged as a person though. Circumstances out of your control may have left you with a poor credit score even when you have tried to do everything right.

Maybe you have a low score because you don’t have payments to make, you buy when you have the money and if you don’t, you wait for it.

Either way don’t be disheartened if you are turned down to start with, landlords don’t have the time to sit with you for the story of your life, most will take the evidence that tells them whether you will be able to pay the rent on time or not.

So although it would be nice for them to take you on because of all the good you do, make sure some of that good is keeping your Credit Score in check.

Don’t hide from it! Take control.







Credit Ladder – Sign up to Credit Ladder and have your monthly rental payments recorded by the credit agencies and build your score.

Rental Exchange Scheme – Created by Experian and the Big Issue Invest. The Rental Exchange was developed to tackle the financial, digital and social exclusion challenges faced by rental tenants in the UK compared to homeowners. By observing rental payment data in the same way we view mortgage payment data, we can unlock a range of benefits for tenants, housing providers and credit providers. The Rental Exchange incorporates a tenant’s payment history in their credit file in a secure and compliant way, with no cost to either the housing provider or tenant.






Credit Improver guarantees to improve your credit score with a money back guarantee.

Terms and conditions apply. View full details here


Thanks for your interest in the CREDIT IMPROVER Book

It looks like you are going to buy the product without taking advantage of the CREDIT IMPROVER FINANCE.  This will not have an impact on your credit report or history so won’t directly improve your credit score.  If you want to take advantage of the CREDIT IMPROVER FINANCE please click here.


If you want to buy the CREDIT IMPROVER BOOK without CREDIT IMPROVER FINANCE you can choose from one of the products below.

1 year – £69.88 / 2 years – £129.76 / 3 years – £189.64

1 year – £124.88 / 2 years – £244.76 /  3 years – £364.64

Each year we will send you a new edition of the CREDIT IMPROVER BOOK relating to your chosen product, ensuring you are constantly up to date with everything you need to know to build your credit history.

To purchase any of these products simply email us at and one of our team will contact you to arrange your purchase.