11:19 AM, 29th March 2012, About 10 years ago
Renters who flatshare won’t be affected by their housemates who fail to pay their rent and bills following complaints from tenants to Experian.
After announcing the plans for a rent payment profile for tenants, those on shared tenancy agreements were going to be linked, impacting each other’s credit score.
Flatshare website Flatmaterooms.co.uk, has seen a rise in worried tenants posting on their site, according to director Gareth: “We had concerned members with questions like ‘should I move out if my flatmate owes rent & bills?’ and ‘my flatmate has pay day loans which he hasn’t paid, will that affect me?’.”
James Jones, Experian Spokesman explained the plans weren’t the finished article yet, and welcomed the feedback: “One advantage of making a very early announcement is to listen to people’s views and take these into consideration.
“It is now clear this [credit linking of renters] would be inappropriate in many cases, due to the nature of many joint tenancy arrangements. As a result, it is not now our intention to create financial links on credit reports from rental data.”
Martin Lewis from influential money saving website Moneysavingexpert.co.uk agreed that it was the right decision.
“Financially linking renters would’ve been a very poor decision. Often flatmates move in with people they’ve never met before, to have their entire credit worthiness impacted by the other person simply wouldn’t work.”
Please Log-In OR Become a member to reply to comments or subscribe to new comment notifications.
|“Account”||means an account required to access and/or use certain areas and features of Our Site;|
|“Cookie”||means a small text file placed on your computer or device by Our Site when you visit certain parts of Our Site and/or when you use certain features of Our Site. Details of the Cookies used by Our Site are set out in section 13, below;|
|“Cookie Law”||means the relevant parts of the Privacy and Electronic Communications (EC Directive) Regulations 2003;|
|“personal data”||means any and all data that relates to an identifiable person who can be directly or indirectly identified from that data. In this case, it means personal data that you give to Us via Our Site. This definition shall, where applicable, incorporate the definitions provided in the EU Regulation 2016/679 – the General Data Protection Regulation (“GDPR”); and|
|“We/Us/Our”||Means Property118 Ltd , a limited company registered in England under company number 10295964, whose registered address is 1st Floor, Woburn House, 84 St Benedicts Street, Norwich, NR2 4AB.|
|Name of Cookie||Purpose||Strictly Necessary|
|JSESSIONID||Used only to collect performance data, with any identifiable data obfuscated||No|
|__cfduid||This cookie is strictly necessary for Cloudflare's security features and cannot be turned off.||Yes|
|Name of Cookie||First / Third Party||Provider||Purpose|
|__utma, __utmb, __utmc, __utmt, __utmz||First||Helps to understand how their visitors engage with our website|
|_fbp||First||Helps to understand how their visitors engage with our website|