- All about repairs
- Rent and service charges
- Safer communities
- Resident involvement
- Benefits and budgeting
- Homeowner information
- Health and safety
- Succession and assignment
How we're helping residents to improve their credit rating
Every adult in the UK has a credit history. This is used by credit agencies to calculate a credit score.
This score is important when it comes to being granted good deals on financial services such as mortgages, credit cards and loans. The higher your credit score, the better the deal you’re likely to get – plus, you're less likely to get refused credit. The reason for this is simple: a high credit score means that you're good at paying your bills on time and paying back loans.
Credit agencies work out your score by tracking your payments and borrowings and payments. If you're a social housing tenant, however, you may have a limited history, lowering your credit score.
That’s where the rental exchange comes in. We’ll be sharing Peabody resident's rent history with Experian to help them build their credit rating and gain a more accurate score. Former Family Mosaic residents have already been part of the rental exchange for a few years.