As the cost of living crisis deepens, we urge our members to take a close look at tenant’s bank accounts to see if they are making use of buy now pay later credit.

According to the Guardian, the buy now, pay later company Klarna will start reporting UK customer debts to credit agencies for the first time next month, in a move that could affect shoppers’ credit ratings from 2023. The move is understood to be the result of two years of talks with the credit reference companies Experian and TransUnion, and comes as buy now, pay later (BNPL) firms face pressure from MPs and campaigners who say they should prevent customers from taking on more debt than they can afford.

We would also like to remind members of the referencing and rent guarantee services offered by Boswells.  Ring them on 01732 56 56 04 to discuss.