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How does credit building work?

How Rentmigo reports your on-time rent payments to Experian and Equifax to help build your UK credit history.

Written by Joe Wigoder

Rentmigo can help you build your UK credit history by reporting your on-time rent payments to Experian and Equifax, two of the UK's main credit reference agencies.

Why it helps

Rent is often your biggest monthly payment, but it doesn't usually show on your credit file. Having it reported means your on-time payments can help build your credit history, which is especially useful if you're new to the UK.

How much does it cost?

Nothing. It's included at no extra cost.

How to join

Credit building is optional. You can opt in during onboarding or from your dashboard.

How we confirm your rent was paid

We confirm your payments either through open banking (connected securely through Plaid, which asks you to reconnect every 90 days) or from your full, unedited bank statement showing the rent payment.

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