Rental Data Insight
By capturing rental payment performance data, we can provide greater insight on the UK rental population as part of your credit decisioning and lifecycle management.
We currently have over 1 million consumers contributing rental payment performance data across the rental sector and this is set to grow over the next 12 months.
Used alongside credit file information, our analysis shows that the Rental Exchange will give three quarters of tenants a credit ratings boost and digital authentication will increase from 39% to 84% with the addition of Rental data.
We are working with Big Issue Invest and over 200 social housing providers (representing over 1.5 million tenants) whose records we are currently using to populate the Rental Exchange, with many more in the pipeline. A number of social landlords have already reached the stage of communicating their intentions to residents. Our CreditExpert service is also being adapted so that consumers can immediately see the impact of rental data on their credit report and score online (a key consideration in using this new data compliantly).
For more information on the Rental Exchange, contact us today.
Did you know the UK rental population is increasing: there are 10 million renters in the UK and this is forecast to grow by 20% by 2025*