Renters misguided over what impacts their credit scorepaper📉
For many, privately renting is a necessary stop-gap between living with family or guardians and homeownership.
Renters are often working towards buying their first home, saving for a deposit while keeping up with their rental payments and trying to get their credit score strong enough for a mortgage.
However, many private renters are misguided on what actually contributes to their credit score and thus may not be taking the correct measures to improve it.
New research from Canopy, has shown that 41% of private renters believe having a regular salary impacts their credit score, when in fact, it has no bearing on it whatsoever, while 38% also believe having a job does too. To continue reading, please Click Here