With Beehive’s Marketplace we aim to connect our members with partners that can help them get closer to reaching their goals. CreditLadder can help renters boost their credit position and this, in turn, could help being accepted for a mortgage as credit is heavily scrutinised during the mortgage application process. Helping our members buy their first homes is something we’re really passionate about so we’re excited that we’re partnered with CreditLadder.
Through CreditLadder, our members’ rent payments can be reported to the four main UK credit referencing agencies (Experian, Equifax, TransUnion and Crediva) for a small monthly fee which could help improve their credit positions and credit scores. Plus, Equifax and TransUnion will use it as part of their credit score calculations. Find out more about how CreditLadder works and read all about them in our blog, too.