Renewing your rent reporting with Bits every 90 days is essential and here’s why:
Legal Compliance: This renewal process is a legal requirement under British law. It ensures that we handle your data with the utmost security and care.
Data Safety: The renewal helps protect your privacy and keeps your data secure by limiting access to only what’s necessary and when it’s needed.
Continuous Reporting: If the renewal isn't completed on time, we lose access to your banking transactions. This means we can't continue to report your rent to credit bureaus, which could affect your credit building progress.
Make sure to renew your consent every 90 days to maintain continuous rent reporting. This not only keeps your data secure but also ensures your rental payment history is consistently reported, helping you build and maintain a strong credit profile. If you have any questions about how to renew or why it’s necessary, please contact us — we're here to help!