Rent reporting platform used by agents reveals “aggressive” plans

CreditLadder is making an “aggressive move” to become a key platform for tenants seeking to manage their wider rental and financial lives, the rent reporting firm has revealed.

The service, which helps tenants improve their credit score by enabling them to report their rent payments to the big four credit reference agencies, has now signed up two of the property industry’s service providers.

These are Eleos, which provides tenants with income protection insurance and muuvo, which helps tenants and homeowners set up utilities.

The deals follow its link-up with the Digital ID app last month. It’s a joint venture between Yoti, the Post Office and Lloyds Bank.

Tenants who are already reporting their rent payments through CreditLadder can access all these partnerships through their tenant dashboard. CreditLadder works with several leading letting agencies including branches within the Northwood, Millerson and Henry Adams groups.

Sheraz Dar, CEO at CreditLadder, said: “As a business, we’re delighted to offer our users an exclusive deal with Eleos that allows them to protect their income moving forwards.

“Working with muuvo will also allow our tenants a more seamless home moving experience, which we know can be incredibly traumatic.”

Kiruba Eswaran, CEO of Eleos, said: “Half of private renters are only one pay cheque away from not being able to afford their rent*. Government support is woefully inadequate in helping renters when the worst happens”.

Jamie Parks, founder of muuvo, said: “We’re always on the lookout for ways to make life better for our tenants by offering cool stuff. Credit Ladder totally fits the bill, helping our tenants boost their credit scores and get on the property ladder”.