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

The Experian launch is a response to CallCredit’s acquisition of TenantID, a startup business focused on building a database of private tenants in the UK.  Tenant ID was launched at the beginning of 2011 with the objective of building a database that will information regarding a tenant’s address history, rental payment record, details of arrears, condition of the property when the tenant left, any history of anti-social behaviour and whether the tenant kept to the terms of the agreement.