I have read the following somewhere:
"Credit reference agency Experian, one of three such firms that hold information on your payment history, has today announced by late 2012 "several million" people will start to see rent payments on their credit file, which is used by banks and building societies when deciding whether to lend you money."
How far is it correct. If it is, how can it be made effective. Fed up listening to genuine moans of innocent landlords, who have to pay through their noses and do hundreds of formalities to provide roof over the head of tenents and their valued possessions. Surely the law is in the favour of tenents and the bad ones are spitting in the face of legal system.
"Credit reference agency Experian, one of three such firms that hold information on your payment history, has today announced by late 2012 "several million" people will start to see rent payments on their credit file, which is used by banks and building societies when deciding whether to lend you money."
How far is it correct. If it is, how can it be made effective. Fed up listening to genuine moans of innocent landlords, who have to pay through their noses and do hundreds of formalities to provide roof over the head of tenents and their valued possessions. Surely the law is in the favour of tenents and the bad ones are spitting in the face of legal system.
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