{"id":15958,"date":"2018-03-14T11:22:56","date_gmt":"2018-03-14T11:22:56","guid":{"rendered":"https:\/\/www.thehouseshop.com\/property-blog\/?p=15958"},"modified":"2018-04-23T09:52:58","modified_gmt":"2018-04-23T09:52:58","slug":"rentscore-whats-in-it-for-me","status":"publish","type":"post","link":"https:\/\/www.thehouseshop.com\/property-blog\/rentscore-whats-in-it-for-me\/","title":{"rendered":"RentScore, What&#8217;s In It For Me?"},"content":{"rendered":"\n<!-- SEO Ultimate Plus (https:\/\/seoultimateplus.com) - Code Inserter module -->\n<script async>(function(s,u,m,o,j,v){j=u.createElement(m);v=u.getElementsByTagName(m)[0];j.async=1;j.src=o;j.dataset.sumoSiteId='b68b392479b5981b8acf46565e9fe32a0734fc21a1f7c1e60121eaa6ca1a1c64';v.parentNode.insertBefore(j,v)})(window,document,'script','\/\/load.sumo.com\/');<\/script>\n<!-- \/SEO Ultimate Plus -->\n\n[vc_row][vc_column][vc_column_text]\n<h2><a href=\"https:\/\/www.thehouseshop.com\/property-blog\/what-is-rentscore\/15966\/\">What is RentScore<\/a>?<\/h2>\n<p><a href=\"https:\/\/www.thehouseshop.com\/rentscore\"><span style=\"font-weight: 400;\">RentScore <\/span><\/a><span style=\"font-weight: 400;\">is a rent collection tool that motivates tenants to pay on-time, by recording rent payments on their credit scores. It acts as a standard rent collection scheme, where rent payments are collected via direct debit and transferred to the landlord; the landlord is fully notified of all late or missed payments, but RentScore does all the chasing. <\/span><\/p>\n<p><span style=\"font-weight: 400;\">However, RentScore isn\u2019t your normal rent collection tool. It comes with an added bonus. Each and every rent payment is recorded with the credit agency, <\/span><a href=\"https:\/\/www.experian.co.uk\/\"><span style=\"font-weight: 400;\">Experian<\/span><\/a><span style=\"font-weight: 400;\">. RentScore, therefore, acts as an incentive for tenants to <a href=\"https:\/\/www.thehouseshop.com\/rent-on-time\" title=\"pay their rent\">pay their rent<\/a> on time as they can be rewarded with an increased credit rating. As a result, rent payments are much more likely to be paid consistently and on-time, as any late payments will be negatively recorded.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Landlords can sit back and relax as their rent collection is taken care of for them and tenants can finally have their rent payments recognised. A win-win. <\/span><\/p>\n<p><img loading=\"lazy\" class=\"alignnone wp-image-15959 size-large\" title=\"WinWin\" src=\"https:\/\/www.thehouseshop.com\/property-blog\/wp-content\/uploads\/2018\/03\/winwin-600x257.png\" alt=\"\" width=\"600\" height=\"257\" srcset=\"https:\/\/www.thehouseshop.com\/property-blog\/wp-content\/uploads\/2018\/03\/winwin-600x257.png 600w, https:\/\/www.thehouseshop.com\/property-blog\/wp-content\/uploads\/2018\/03\/winwin-260x111.png 260w, https:\/\/www.thehouseshop.com\/property-blog\/wp-content\/uploads\/2018\/03\/winwin-100x43.png 100w, https:\/\/www.thehouseshop.com\/property-blog\/wp-content\/uploads\/2018\/03\/winwin-150x64.png 150w, https:\/\/www.thehouseshop.com\/property-blog\/wp-content\/uploads\/2018\/03\/winwin-200x86.png 200w, https:\/\/www.thehouseshop.com\/property-blog\/wp-content\/uploads\/2018\/03\/winwin-300x129.png 300w, https:\/\/www.thehouseshop.com\/property-blog\/wp-content\/uploads\/2018\/03\/winwin-450x193.png 450w, https:\/\/www.thehouseshop.com\/property-blog\/wp-content\/uploads\/2018\/03\/winwin.png 700w\" sizes=\"(max-width: 600px) 100vw, 600px\" \/><\/p>\n<h2><b>I\u2019m a <\/b><a href=\"https:\/\/www.thehouseshop.com\/property-blog\/how-to-be-a-diy-landlord\/15789\/\"><b>landlord<\/b><\/a><b>, what\u2019s in it for me?<\/b><\/h2>\n<p><span style=\"font-weight: 400;\">Being a <\/span><a href=\"https:\/\/www.thehouseshop.com\/property-blog\/how-to-be-a-diy-landlord\/15789\/\"><span style=\"font-weight: 400;\">DIY landlord<\/span><\/a><span style=\"font-weight: 400;\"> can be a very stressful job, and with so many things to do and so many balls in the air, sometimes it can feel a little like a juggling act. So why not hand over one of those balls and take away some of the stress. From as little as \u00a314.99 a month you can sit back and relax, knowing that your rental income is taken care of! It\u2019s done through direct-debit and all organised through RentScore. The fee is simply deducted from the income so you don\u2019t have to fret about any payments at all!<\/span><\/p>\n<p><span style=\"font-weight: 400;\">The best thing about RentScore is its simplicity, so it really is hassle-free! All you have to do is fill out a <\/span><a href=\"https:\/\/www.thehouseshop.com\/rentscore\/signup#\/\"><span style=\"font-weight: 400;\">short online form<\/span><\/a><span style=\"font-weight: 400;\"> to register and then Rent Score does the rest! <\/span><\/p>\n<p><span style=\"font-weight: 400;\">From your application, they will contact your tenants to organise payments and set up the direct debit. They liaise with them directly, meaning that you are left to enjoy your income without any inconveniences or distractions. Once the direct debits have been set up, then you are good to go! Payments are processed on the same working day, so you won\u2019t be waiting around for things to be processed.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Rent payments are much more likely to be on time as tenants are motivated by the opportunity to <\/span><a href=\"https:\/\/www.thehouseshop.com\/property-blog\/why-is-a-good-credit-score-so-important\/15869\/\"><span style=\"font-weight: 400;\">increase their credit score<\/span><\/a><span style=\"font-weight: 400;\">, so you are less inclined to stress about your rental income. <\/span><\/p>\n<p><span style=\"font-weight: 400;\">It\u2019s a win-win situation and you get the opportunity to shake those <\/span><a href=\"https:\/\/www.landlordtoday.co.uk\/breaking-news\/2017\/6\/why-do-landlords-have-a-bad-reputation-among-the-public\"><span style=\"font-weight: 400;\">negative stereotypes that have become synonymous with the title of landlord<\/span><\/a><span style=\"font-weight: 400;\"> and become a SUPER LANDLORD.<\/span><\/p>\n<p><img loading=\"lazy\" class=\"Super Landlord alignnone wp-image-15824 size-large\" src=\"https:\/\/www.thehouseshop.com\/property-blog\/wp-content\/uploads\/2018\/03\/3-RentScore-Superhero-Bottom@2x-600x324.jpg\" alt=\"\" width=\"600\" height=\"324\" srcset=\"https:\/\/www.thehouseshop.com\/property-blog\/wp-content\/uploads\/2018\/03\/3-RentScore-Superhero-Bottom@2x-600x324.jpg 600w, https:\/\/www.thehouseshop.com\/property-blog\/wp-content\/uploads\/2018\/03\/3-RentScore-Superhero-Bottom@2x-260x140.jpg 260w, https:\/\/www.thehouseshop.com\/property-blog\/wp-content\/uploads\/2018\/03\/3-RentScore-Superhero-Bottom@2x-768x415.jpg 768w, https:\/\/www.thehouseshop.com\/property-blog\/wp-content\/uploads\/2018\/03\/3-RentScore-Superhero-Bottom@2x-100x54.jpg 100w, https:\/\/www.thehouseshop.com\/property-blog\/wp-content\/uploads\/2018\/03\/3-RentScore-Superhero-Bottom@2x-150x81.jpg 150w, https:\/\/www.thehouseshop.com\/property-blog\/wp-content\/uploads\/2018\/03\/3-RentScore-Superhero-Bottom@2x-200x108.jpg 200w, https:\/\/www.thehouseshop.com\/property-blog\/wp-content\/uploads\/2018\/03\/3-RentScore-Superhero-Bottom@2x-300x162.jpg 300w, https:\/\/www.thehouseshop.com\/property-blog\/wp-content\/uploads\/2018\/03\/3-RentScore-Superhero-Bottom@2x-450x243.jpg 450w, https:\/\/www.thehouseshop.com\/property-blog\/wp-content\/uploads\/2018\/03\/3-RentScore-Superhero-Bottom@2x-900x486.jpg 900w, https:\/\/www.thehouseshop.com\/property-blog\/wp-content\/uploads\/2018\/03\/3-RentScore-Superhero-Bottom@2x.jpg 1200w\" sizes=\"(max-width: 600px) 100vw, 600px\" \/><\/p>\n<h2><b>I\u2019m a <\/b><a href=\"https:\/\/www.thehouseshop.com\/property-blog\/5-best-apps-for-tenants\/14620\/\"><b>tenant<\/b><\/a><b>, what\u2019s in it for me?<\/b><\/h2>\n<p><span style=\"font-weight: 400;\">The opportunity to improve your credit score! <\/span><\/p>\n<p><span style=\"font-weight: 400;\">Research has shown that<\/span><a href=\"http:\/\/www.experian.co.uk\/consumer\/questions\/askjames370.html\"><span style=\"font-weight: 400;\"> 98% of you pay your rent on time<\/span><\/a><span style=\"font-weight: 400;\"> and you fully deserve some recognition for that. Tenants spend, on average, <\/span><a href=\"http:\/\/www.bbc.co.uk\/news\/business-42179119\"><span style=\"font-weight: 400;\">27% of their monthly salary on rent<\/span><\/a><span style=\"font-weight: 400;\">. RentScore means that you can finally have such a large expenditure recorded on your credit report. By having regular on-time payments logged, you have the opportunity to build a <\/span><a href=\"https:\/\/www.thehouseshop.com\/property-blog\/why-is-a-good-credit-score-so-important\/15869\/\"><span style=\"font-weight: 400;\">good credit score<\/span><\/a><span style=\"font-weight: 400;\"> and, subsequently, place yourself in a strong position to start climbing the property ladder.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Your credit score ultimately decides whether a lender will agree to provide you with a mortgage. A high credit score means that you will be given a lower interest rate and a better mortgage. A <\/span><a href=\"https:\/\/www.thehouseshop.com\/property-blog\/why-is-a-good-credit-score-so-important\/15869\/\"><span style=\"font-weight: 400;\">good credit report<\/span><\/a><span style=\"font-weight: 400;\"> is highly sought after by mortgage providers; the higher the better, as it shows that you are a reliable person to loan money to. A <\/span><a href=\"https:\/\/www.thehouseshop.com\/property-blog\/dont-let-a-poor-credit-rating-prevent-you-from-renting\/2804\/\"><span style=\"font-weight: 400;\">low credit rating<\/span><\/a><span style=\"font-weight: 400;\">, normally assigned because you regularly miss or make late payments, will show negatively against you and will result in higher interest rates and the possibility that you are refused a mortgage altogether. <\/span><\/p>\n<p><span style=\"font-weight: 400;\">A lack of credit history can often be seen just as negatively as a low credit score. Without any proof of your liability, lenders will be sceptical to provide you with any loans. They have no evidence either way if you will make on-time or late payments and sometimes this can be as high a risk as those with a bad credit rating. <\/span><\/p>\n<p><span style=\"font-weight: 400;\">This is why it is so important to<\/span><a href=\"http:\/\/www.experian.co.uk\/consumer\/improve-credit-score.html\"><span style=\"font-weight: 400;\"> build your credit rating<\/span><\/a><span style=\"font-weight: 400;\"> where you can, and being given to do so with your rental payments is a fantastic opportunity. <\/span><\/p>\n<p><span style=\"font-weight: 400;\">But remember, it works both ways. Whilst RentScore gives you the perfect opportunity to raise your credit score, it is just that\u2026 an opportunity. Late or missed payments will still be recorded by <\/span><a href=\"http:\/\/www.experian.co.uk\"><span style=\"font-weight: 400;\">Experian <\/span><\/a><span style=\"font-weight: 400;\">and will subsequently be recorded negatively on your credit score. That is why Rent Score acts as an incentive for you to make payments regularly and on time, as to not do so will affect both yourself and your landlord negatively. \u00a0So keep those payments steady and you could be reaping the benefits when it comes to <\/span><a href=\"https:\/\/www.thehouseshop.com\/property-blog\/a-quick-guide-to-purchasing-your-first-home\/12758\/\"><span style=\"font-weight: 400;\">buying your own house<\/span><\/a><span style=\"font-weight: 400;\">.<\/span><\/p>\n<p>&nbsp;<\/p>\n<h2 style=\"text-align: center;\"><em>What are you waiting for?<\/em><\/h2>\n[\/vc_column_text][\/vc_column][\/vc_row][vc_row][vc_column][vc_btn title=&#8221;Sign up to RentScore now!&#8221; color=&#8221;danger&#8221; align=&#8221;center&#8221; link=&#8221;url:https%3A%2F%2Fwww.thehouseshop.com%2Frentscore|||&#8221;][\/vc_column][\/vc_row][vc_row][vc_column][vc_column_text]\n<h3><em>Follow RentScore on Twitter and Facebook for more regular information:<\/em><\/h3>\n<h4><a href=\"https:\/\/twitter.com\/rentscoreuk?lang=en-gb\"><em> @RentScoreUK<\/em><\/a><\/h4>\n<h3><em>\u00a0<a href=\"https:\/\/www.facebook.com\/RentScore\/\">RentScore Facebook<\/a><\/em><\/h3>\n[\/vc_column_text][\/vc_column][\/vc_row][vc_row][vc_column][vc_tweetmeme share_via=&#8221;RentScoreUK&#8221; large_button=&#8221;true&#8221;][\/vc_column][\/vc_row][vc_row][vc_column][vc_facebook][\/vc_column][\/vc_row][vc_row][vc_column][vc_column_text]\n<h3><i><span style=\"font-weight: 400;\">Related Articles:<\/span><\/i><\/h3>\n<h3><a href=\"https:\/\/www.thehouseshop.com\/property-blog\/what-is-rentscore\/15966\/\"><em>What is RentScore?<\/em><\/a><\/h3>\n<h3><a href=\"https:\/\/www.thehouseshop.com\/property-blog\/why-is-a-good-credit-score-so-important\/15869\/\"><i><span style=\"font-weight: 400;\">Why is a Good Credit Score so Important?<\/span><\/i><\/a><\/h3>\n<h3><a href=\"https:\/\/www.thehouseshop.com\/property-blog\/how-to-be-a-diy-landlord\/15789\/\"><i><span style=\"font-weight: 400;\">How to be a DIY Landlord<\/span><\/i><\/a><\/h3>\n<h3><a href=\"https:\/\/www.thehouseshop.com\/property-blog\/can-landlords-do-credit-checks\/11370\/\"><i><span style=\"font-weight: 400;\">Can Landlords do Credit Checks?<\/span><\/i><\/a><\/h3>\n<h3><a href=\"https:\/\/www.thehouseshop.com\/property-blog\/dont-let-a-poor-credit-rating-prevent-you-from-renting\/2804\/\"><i><span style=\"font-weight: 400;\">Don\u2019t Let a Poor Credit Rating Prevent You From Renting<\/span><\/i><\/a><\/h3>\n<h3><a href=\"https:\/\/www.thehouseshop.com\/property-blog\/why-you-should-check-your-credit-score-before-you-move-home\/12531\/\"><i><span style=\"font-weight: 400;\">Why You Should Check Your Credit Score Before You Move Home<\/span><\/i><\/a><\/h3>\n[\/vc_column_text][\/vc_column][\/vc_row]\n","protected":false},"excerpt":{"rendered":"<p>[vc_row][vc_column][vc_column_text] What is RentScore? RentScore is a rent collection tool that motivates tenants to pay on-time, by recording rent payments on their credit scores. It acts as a standard rent collection scheme, where rent payments are collected via direct debit<span class=\"ellipsis\">&hellip;<\/span><\/p>\n<div class=\"read-more\"><a href=\"https:\/\/www.thehouseshop.com\/property-blog\/rentscore-whats-in-it-for-me\/\">Read more &#8250;<\/a><\/div>\n<p><!-- end of .read-more --><\/p>\n","protected":false},"author":41,"featured_media":15821,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"wl_entities_gutenberg":"","_lmt_disableupdate":"","_lmt_disable":"","spay_email":""},"categories":[581,13,10,9,646],"tags":[546,650,640,638,51,651,641,274,649,648,652,624,47,647,462],"wl_entity_type":[602],"modified_by":null,"_wl_alt_label":[],"jetpack_featured_media_url":"https:\/\/www.thehouseshop.com\/property-blog\/wp-content\/uploads\/2018\/03\/RentScore-Email@2x-1-1.jpg","wl:entity_url":"http:\/\/data.wordlift.io\/wl0502\/post\/rentscore__whats_in_it_for_me_","_links":{"self":[{"href":"https:\/\/www.thehouseshop.com\/property-blog\/wp-json\/wp\/v2\/posts\/15958"}],"collection":[{"href":"https:\/\/www.thehouseshop.com\/property-blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.thehouseshop.com\/property-blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.thehouseshop.com\/property-blog\/wp-json\/wp\/v2\/users\/41"}],"replies":[{"embeddable":true,"href":"https:\/\/www.thehouseshop.com\/property-blog\/wp-json\/wp\/v2\/comments?post=15958"}],"version-history":[{"count":11,"href":"https:\/\/www.thehouseshop.com\/property-blog\/wp-json\/wp\/v2\/posts\/15958\/revisions"}],"predecessor-version":[{"id":16332,"href":"https:\/\/www.thehouseshop.com\/property-blog\/wp-json\/wp\/v2\/posts\/15958\/revisions\/16332"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.thehouseshop.com\/property-blog\/wp-json\/wp\/v2\/media\/15821"}],"wp:attachment":[{"href":"https:\/\/www.thehouseshop.com\/property-blog\/wp-json\/wp\/v2\/media?parent=15958"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.thehouseshop.com\/property-blog\/wp-json\/wp\/v2\/categories?post=15958"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.thehouseshop.com\/property-blog\/wp-json\/wp\/v2\/tags?post=15958"},{"taxonomy":"wl_entity_type","embeddable":true,"href":"https:\/\/www.thehouseshop.com\/property-blog\/wp-json\/wp\/v2\/wl_entity_type?post=15958"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}