Experian Rental exchange
Corrie Lee Associates are one of five companies nationwide, supporting Experian’s Rental Exchange scheme. Despite making regular payments for their housing, tenants do not see this reflected on their credit report in the same way that homeowners do with their mortgage payments. Corrie Lee Associates’ Always Rent on Time service reports rental payment information to Experian for inclusion in credit files.
The benefits of the Rental Exchange are that:
Tenants can finally use their most significant monthly outgoing to help build their credit history,
It encourages on-time payments.
It discourages fraudulent applicants.
It makes the landlord / agent's properties more attractive to genuine tenants.
For further information about the Rental Exchange, please visit
Not only will we be able to work with you more closely to manage your existing tenancy agreement, your track record as a tenant will enable Experian to use the information supplied to them to assist other landlords and organisations to:
assess and manage any new tenancy agreements you may enter into;
assess your financial standing to provide you with suitable products and services;
manage any accounts that you may already hold, for example reviewing suitable products or adjusting your product in light of your current circumstances;
contact you in relation to any accounts you may have and recovering debts that you may owe;
verifying your identity, age and address, to help other organisations make decisions about the services they offer;
help to prevent crime, fraud and money laundering;
screen marketing offers to make sure they are appropriate to your circumstances;
for Experian to undertake statistical analysis, analytics and profiling,
and for Experian to conduct system and product testing and database processing activities, such as data loading, data matching and data linkage.
If you would like to see more information on these, and to understand how the credit reference agencies each use and share rental data as bureau data (including the legitimate interests each pursues) this information is provided in this link: www.experian.co.uk/crain (Credit Reference Agency Information Notice (CRAIN)). (For a paper copy, please get in touch with us or with Experian using the contact details in this letter).