Failing your credit check when renting

If you are planning on renting a property and are concerned about clearing your credit check read on. Understanding what happens and your options can help you navigate this situation.

What Landlords Check

Landlords typically look at payment history, CCJs and bankruptcies, outstanding debts, and overall credit score. They want to assess if you're likely to pay rent reliably.

Why You Might Fail

Common reasons include poor payment history, CCJs or defaults, no credit history, and financial associations with others with poor credit.

Your Options

If you fail a credit check, you might offer a larger deposit, provide a guarantor, pay several months' rent upfront, or explain circumstances with supporting documents. Consider checking best practices for effective identity verification to strengthen your application.

Improving Your Position

Before applying, check your credit report for errors, pay down debts if possible, and gather references from previous landlords. Understanding why identity checking is important can also help you prepare.

Conclusion

Failing a credit check doesn't always mean you can't rent. Understanding your options and being proactive can help you secure a property.