Startup of the Week - CreditLadder
by Startacus Admin
Tenants take note! We take a look at CreditLadder, the FinTech / PropTech startup which rewards tenants with improved credit for on-time rent payments...
If you’re a property owner, you’ll know only too well the impact that the payments on your mortgage will have on your credit rating. However if you’re a tenant it’s an entirely different matter. Whilst you may pay your landlord on time each and every month, it is very unlikely to have any impact on your overall credit score - no matter how extortionate or high your monthly rent may be. Help is now at hand however thanks to our latest startup of the week.
CreditLadder is a FinTech / PropTech startup which aims to be “the UK’s leading rent reporting service”.
Here’s how it works. If you are a tenant, simply register for the service by connecting up the bank account from where you pay your monthly rent. Your rental payments will then be verified each month and this info will be reported to Experian. The aim? To help build and improve your overall credit rating and thereby also enable you to access better finance deals and rates.
If you are a landlord (provided you aren’t operating as a company), you can also encourage your tenants to sign up to CreditLadder and you’ll benefit (as they will) from them paying their rent on time. CreditLadder also offer a service where they can provide text and email reminders to tenants as well as the option to collect the rent on your behalf.
Letting agents can also gain from the CreditLadder service since it can enable them to identify good potential tenants who are committed to paying their rent on time.
It’s a win win for all then!
Like all good startups, CreditLadder have identified a significant problem and come up with a very effective solution.
We reckon that this is a startup that is certainly worth watching...
If you like the sound of this startup, you might want to read up on:
Inadash wants to make property rental easy
Dozens - the fintech app embracing savings not debt
Subscribe to our newsletter
If you would like to receive our startup themed newsletter, full of the latest startup opportunities, events, news, stories, tips and advice, then sign up here.
The lowdown on Koalaa, the London-based startup that's innovating soft prosthetics for babies, children and adults
Changemakers sought by National enterprise charity, Hatch Enterprise for its three new Impact programmes aimed at entrepreneurs using business as a force for good
Ten innovative startups with the potential to shape the future have been named as finalists in INVENT 2021, Northern Ireland’s challenging competition for early stage businesses
.jpeg)
Kyle Murtagh of Toastmasters International shares insights and tips on providing feedback to your team that is effective, constructive and inspiring too
Enterprise North West and Startacus collaborate with a group of students from NWRC to create Week Gen-C, a part- employability, part-career and part-entrepreneurship focused digital project & channel
.jpeg)
Having a strong team around you is key - these basic tips highlight all the things that you'll need to consider...
Vehicle management platform, Caura raises major seed funding to support its mission of reducing stress and expense of driving in the UK
The lowdown on Peroptyx, the machine learning startup that helps companies refine their AI systems with real-world human insight and feedback
The lowdown on Greenfinity, the smart designer system that lets you grow your favourite herbs and other plants throughout the year
Diversity & Inclusion Toolkit launched by Tech Nation to help tech founders and their employees create more diverse and inclusive businesses, and provide equal opportunities for all in UK tech
Published on: 6th February 2019
If you would like to enable commenting via your Startacus account, please enable Disqus functionality in your Account Settings.
- Youth Entrepreneurship, Employability and Careers Project 21st Jun 2021 Enterprise North West and Startacus collaborate with a group of students from NWRC to create Week Gen-C, a part- employability, part-career and part-entrepreneurship focused digital project & channel
- Caura raises $4.2m seed round 18th Jun 2021 Vehicle management platform, Caura raises major seed funding to support its mission of reducing stress and expense of driving in the UK
- ECOncrete Wins EU H2020 Funding 16th Jun 2021 ECOncrete Wins EU H2020 Funding to Lead the “LIVING PORTS” Project to Deploy Next-Generation Port Infrastructure
- Calling on all 18-30 year-olds in the UK with innovative business ideas 14th Jun 2021 Innovate UK and The Prince’s Trust are seeking 18-30-year-olds with ambitious business ideas that could turn into important innovations
