The new partnership will enable Goodlord’s letting agent customers to build a more accurate picture of an individual’s personal finances, such as income and expenditure, to give a clear indication of their overall creditworthiness, using Open Banking.
Credit Kudos’s Open Banking platform takes a more holistic view of an individual’s finances to make a more informed decision about their affordability and creditworthiness, helping more tenants prove their eligibility to rent.
Potential gaps in their address history, moving properties frequently and the absence of a mortgage or other forms of credit makes it difficult to build a borrowing history. Tenants with irregular incomes are among those most likely to benefit as these additional insights build a more complete picture of their affordability.
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