UK rent reward platform Brickk has secured a partnership with credit reference agency TransUnion to enable renters across Britain to build credit histories through their monthly housing payments. The collaboration, announced today, marks a significant development for millions of UK tenants who struggle to access traditional credit products despite maintaining consistent rent payment records.
Through the partnership, Brickk will report verified rental payment data directly to TransUnion’s credit bureau, allowing renters to demonstrate financial reliability to lenders. This addresses a longstanding gap in the UK credit system where rental payments, often individuals’ largest monthly expense, have not contributed to credit scores. The move could particularly benefit younger renters and those with thin credit files seeking mortgages or loans.
The integration positions Brickk as the first platform of its kind in the UK market to formalize rent-to-credit reporting at scale with a major credit reference agency.
FXnCO Insight
Financial institutions and fintech lenders should prepare for an influx of previously unscoreable rental customers entering the mainstream credit market with verifiable payment histories.
Source: Finextra