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New partnership enables tenants to add rental payments to their credit history

CreditLadder has joined forces with Bud to help tenants use rental payment history in credit scoring, with a view to helping customers become more creditworthy and get on the property ladder. 

The partnership between rent reporting service CreditLadder and financial network provider Bud is designed to allow tenants to add rental payments directly to their credit history via their bank’s mobile phone apps.

Bud offers a connected network that helps banks to collaborate with fintechs on creating new experiences for their customers. It is a service that Bud has developed and piloted with HSBC/First Direct since February 2018.


The partnership will allow customers to access the CreditLadder service directly from within their banking apps via the Bud platform, enabling customers who are tenants to have their monthly rental payments added to their credit history.

Alan Walsh, Network & Partnerships at Bud, said: “About 80% of our team rent their homes, it’s their biggest monthly outgoing and they have long histories of making those payments on-time, month after month.

“It was just wrong that this data couldn’t be used to help them achieve what they wanted in life so it’s great to be working with the team at CreditLadder to address the situation.”

The new partnership takes advantage of the recently-introduced Open Banking initiative, which enables bank customers to share their spending data with third parties should they wish to,  and access a wider range of appropriate financial products and deals.

CreditLadder CEO Sheraz Dar commented: “There is huge momentum within both the banking and tech sectors at the moment to help a greater number of people access more affordable credit, and our partnership with Bud is a ground-breaking initiative that builds on this.”

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Poll: Should tenants be able to add rent payments to their credit scores?


  • Asa Bentley

    At CreditLadder new landlords are engaging with our service daily as they looking to introduce their tenants to CreditLadder for rent reporting. It's a win-win as the tenants are encouraged to pay on time but equally the tenant is rewarded with an improved credit history.

    This helps them in the future when they want to buy a home. But helps you in reducing and avoiding arrears. Please see the landlords section of our website for more information and please get in touch via the site if you are interested in discussing how we can help you.


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