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Monzo and Starlling Bank integrate with CreditLadder for rent payments

Thursday 29 March 2018 13:14 CET | News

Two digital banks, Monzo and Starling Bank, have integrated with the UK startup CreditLadder, allowing users to use the startup’s feature for their credit histories.

CreditLadder uses its API platform to view a user’s rent payments, which it then passes to credit bureau Experian—a factor that could benefit that user’s credit score if their rent is paid promptly, allowing further access to financial products like credit cards or an eventual mortgage loan.

For customers of Starling and Monzo, that means that when they pay their rent through these banks, CreditLadder can send such data forward, thus impacting their credit score.


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Keywords: Monzo, Starlling Bank, CreditLadder, rent payments
Categories: Payments & Commerce
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Countries: World
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