Starling Bank has partnered with rent recognition platform CreditLadder to help its customers improve their credit score and get on the property ladder.
Through CreditLadder, Starling’s customers will be able to use their monthly rental payments to build their credit history and subsequently use the service to gain access to better rates on a range of financial products.
The digital bank’s customers will be able to use the service directly through its marketplace feature.
Starling already has existing partnerships for its in-app marketplace — which launched in February 2018 — with PensionBee, Wealthsimple, Wealthify, Habito, Churchill Insurance and Flux.
“Our marketplace is designed to help customers make the most of their finances,” said Anne Boden, founder and CEO at Starling.
“CreditLadder shares this vision and is giving people a much-needed advantage in today’s tough property and credit climate.”
Sheraz Dar, CEO at CreditLadder, added: “Being added to Starling Bank’s marketplace is a major milestone for us and a huge opportunity to help Starling Bank’s customers improve their credit position for free, should they wish to do so.
“We want to see every tenant in the UK report their rent and see the benefits it can bring — this is a great step in realising that ambition.”
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