The new Rental Exchange is designed to help millions of private tenants to get credit where it’s due. The Rental Exchange will offer a secure and compliant way to include a tenant’s payment history in credit reports, with their permission, strengthening their credit history and helping them qualify for more and lower-cost credit deals. This enhanced view of people’s repayment history will also improve the ability of lenders to treat customers fairly with more accurate lending decisions based on a deeper understanding of their customers.
Source: Experian UK Press Release