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<p>The Government believes it is right that a history of paying rent should be recognised
in credit and affordability assessments carried out by credit reference agencies and
credit service providers.</p><p> </p><p>That’s why, at Autumn Budget 2017, we announced
the Rent Recognition Challenge: a £2million competition seeking technology solutions
to enable tenants to record and share their rental data.</p><p> </p><p>The credit
reference agency Experian recently announced that rental payments will now be reflected
in their credit score reports, and has partnered with some of the Challenge’s participants,
Credit Ladder and Canopy.</p>
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