Your are viewing a read-only archive of the old DiS boards. Please hit the Community button above to engage with the DiS !
Then, I wish you luck.
This is unreal. Rent is paid in advance and is not CREDIT.
says you have to agree to it in the tenancy agreement, hopefully it doesnt catch on
Because I can't.
depends, its probably a hassle for them to send the credit info every month, might cost them money for the service, lot of private landlords just want an easy arrangement, if it is not standard practice it will take awhile to become established
also I think the landlords would understand that people will see this as unfair for joint tenancy agreements and might not want to sign a joint one instead going for singles, a hassle averse landlord may just want the easy joint situation, I know landlords have most of the power in these situations but I think with so many people with legitimate reluctance to sign something like that might have a negative impact on their rent prices, maybe
If the credit agencies provide the service for a tenner a year (and with only three, they've got the market cornered), I'm not sure they'll be convinced to do otherwise.
who can rent really unsafe/unsavoury properties to people who don't have another other choice because either they fundamentally disagree with providing that info, or a previous flatmate has screwed their credit rating in the past.
I am in favour!
Well, they need a work around for the joint tenancy issue but other then that I see no real issue.
I know this doesn't apply to any other kind of debt repayment, but people's rent is in the vast majority of cases the single biggest payment they make a month. To have such an extreme, unarguable approach to it doesn't wash in my book...
If anything, it should be the other way round. After twice having the misfortune to be in a flat where the landlord has neglected to pay the mortgage, resulting in me having to find somewhere else to calk home, I wanna see something showing the /landlord's/ financial reliability.
And I do believe (happy to be proved wrong mind) that it can be a tenants right to withhold rent if a landlord has failed on their contractual obligations to provide a safe, clean, functioning living space. To not have that as a weapon to protect oneself is downright barbarous...
unfortunately by doing this they're also failing to meet *their* contractual obligations and thus it actually weakens their arguing position if the dispute ends up going further - either to a private rented housing panel/small claims court.
There are circumstances where you can legally not pay rent*. E.g. Where the landlord isn't fulfilling their obligations on maintenance etc. and you've had to get the work done yourself. The comment thread on the OP story spells out the details ('section 28', or something). And it's scary that people like landlords or letting agents could dirty up your credit file on the basis of a grudge (or misunderstanding) about that sort of thing. A I understand it, it's only been a specific limited group of organisations who have had that sort of access/power before, rather than the fractured and ragtag letting industry.
Also, it's worth reiterating the fundamental point that rent is not credit.
past rental agreements? I lived for three years in a building managed by absolute idiots. I received a handful of eviction notices because while I would always pay my rent in full and on time, some asshat in the office occasionally posted it to the wrong apartment (as in, I was technically paying someone else's rent. Yay!). I had no way of knowing this until I was served with an eviction notice. Will this show up as a strike against me on my credit report? I assume not since this will be something new to add to rental agreements, but I'm just making sure.
Other fun stories from my time in that building: for a while, they were listing my apartment as empty (no clue why) so I had to deal with angry real estate agents trying to show it. Like I said, for a while, I lived in a building managed by morons.
Click on the OP link and scroll down. An Experian rep has posted clarification.
There would, of course, be ample opportunity to royally screw you over in the future, under such circumstances.
There's already such a thing as financial linking of different people via shared addresses (and also of multiple addresses via a single person), afaik. So rest assured they'll do their best to find a way to rag on you.
Completely missed that when I read through the article. I didn't think they could add an addendum to an old lease for an apartment that I haven't lived in for almost a year.
Sort of unrelated question, but when I signed up for credit monitoring (woohoo!) I was given a list of names and asked if I had lived with any of them. All of the names were entirely unfamiliar. Is this common practice, or do I have phantom former roommates out there?
Or possibly someone has the same name and DOB as you.
Will look into this.
I remember a while back I signed up for one (can't remember which one, probably experian) of the three major credit company's free trial things that let you see what they've got on file (had to be mega vigilant about cancelling what would have otherwise been a paid subscription thing).
Anyway... the stuff they keep a record of is preeeeetty extensive, so lots of scope for them to mess up or pin something on you.
(Also, I coulda been clearer above: the Experian rep posted their clarification on page 1 of the comment thread linked at the bottom of the article.)
Country'll be up in arms.
As it is, most people will probably just put up with it because they have to.
There are a number of easier, safer ways to boost your credit rating...
Credit rating is in the toilet
my landlord lives next door.
I remember paying him once, he pulled a roll of notes out of his pocket and added mine to it...there must have been £5K in there. I'm sure he's scamming HMRC, but he's a good bloke and he hasn't raised the rent in our house for 8 years. I pay £257 per month for a massive double room with an open fire place in nice area.
Nice? Oh Alex.
But even so. !!! :)
She never got round to setting up her direct debit and paid him in cash, usually late. Didn't affect the rest of us though.
I've wanted to do this for years, as well as seperate council tax arrangements for your proportion. Gets refused every time.
...now apparently we're also paying for broadband connections too!!!11!one1!
Disgusted of Bournemouth
^out of date joke. doesn't work.