If you are a private landlord, you will appreciate how important it is to “get to know your customer” entering into any agreement.
Confirming who your tenant says they are and their ability to pay (employment check) is crucial. Equally, a tenant or customer, credit check is a fundamental discipline helping you to choose the right customers and protect your profit margins.
Statistically, tenants with adverse credit are nearly two thirds more likely to default on their rent than a tenant with a good credit rating*
*(Obtained from the Association of Residential Letting Agents (ARLA) 2019)