Experian® has partnered with Capita’s software services business, to enable easy and efficient collection of social housing rental data from social housing providers. By sharing rental data, social housing providers will play a key role in helping their tenants gain access to basic services and more affordable credit.
Capita is the first software provider to support the Rental Exchange project – a scheme driven by Big Issue Invest and Experian to help the social housing sector address the financial, digital and social exclusion challenges faced by many social housing tenants.
The Rental Exchange is a secure and compliant way to include a tenant’s payment history in credit reports, with their permission, strengthening their credit history and helping them qualify for lower-cost credit deals and basic financial services, such as current accounts.
As one of the leading software providers to the housing and social housing marketplace, Capita has developed a solution to specifically support the scheme. Capita InSight’s Rental Exchange is a new module that now forms part of Capita’s reporting and business intelligence tool Capita InSight, which is already used by many housing providers.
Source: Experian UK