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Question

Preventing Controlling and Recovering Rent Arrears (England)

is rent score plus worth having?

29 Jul 2018 | 1 comment

Homeshop do rent score plus rent collection and rent protection insurance in partnership with experian they say any late payments by tenants has a negative effect on credit score and also on time payments improve score over time it sounds good just wondering are you familiar with this product and is it worth having? I have a HMO.

Answer

1 Comment

  1. guildy

    Not heard of it I’m afraid.

    However, the same result of affecting credit score can be achieved by using direct debit instead of standing order as DD counts towards a credit score.

    We use GoCardless which is fantastic although we have it integrated into our software and not entirely sure how it’s used standalone (but we think it can be).

    This of course doesn’t guarantee the rent but, if you also got a home-owning guarantor, you’d be fairly close without having to pay the costs of insurance.

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