Callcredit Information Group

Callcredit Information Group

October 26, 2011 03:17 ET

Callcredit Acquires TenantID

LEEDS, UNITED KINGDOM--(Marketwire - Oct. 26, 2011) - Callcredit Information Group has today announced that it has acquired TenantID, UK & Ireland's unique database that stores tenant letting histories, an acquisition that will see both Callcredit and TenantID work together to reach a critical mass of tenant held data.

TenantID is a national database, which already consists of millions of private tenants across the UK & Irish market. The database has been created to provide those in the lettings industry with vital information about the history of prospective tenants and designed to protect the nation's landlords, local authorities and letting agents.

TenantID database is run for members of a nationwide network of letting agents, landlords and local authorities. Each member uploads information about their tenants and that information subsequently becomes available to other members on request. If a tenant has not paid rent, damaged a property, misused the property or simply vanished owing money to the landlord, that information is stored using a simple tick system which collects factual information.

Callcredit and TenantID's ultimate goal is to maximise the number of tenants they can get on to the database, making their system universally viable across the market. This exciting opportunity will ensure that TenantID continues to evolve into the most effective and professional credit risk system that stores a tenant's letting history.

Graham Lund, Managing Director, Callcredit commented, "The purchase of TenantID clearly shows our strong commitment to investing in the future growth of Callcredit, and how important we see the rental market now and in the future. The addition of the TenantID database will undoubtedly help to enhance the level of insight we are able to deliver and at the same time complement the existing products and services offered by Callcredit such as credit risk, affordability and identity verification and fraud solutions."

Lorna Rose, Director of TenantID said: "Joining forces with Callcredit will undoubtedly give us investment to achieve our goal of reaching critical mass, and offering compelling services to every single landlord and agency across the UK & other markets."

"With 1000's of members already on board and using our system, TenantID has already proven to the lettings industry that this kind of data is vital when taking on a new tenant. TenantID offers landlords and agencies the ability to identify the good from the bad and will help to reduce the risks of taking on a tenant who could default on their rent, damage a property or breach their tenancy agreement."

The Leeds office of Squire Sanders Hammonds advised Callcredit on this latest transaction. The team was led by corporate senior associate Paul Mann.

About Callcredit Information Group - www.callcredit.co.uk

Callcredit Information Group's leading approach to deploying consumer information brings together experts across the fields of credit referencing, marketing services, interactive solutions and consultative analytics to provide clients with a range of innovative and effective products to discover new customers and to engage with current customers to optimise and increase profitability.

Products include award-winning fraud verification tools and database solutions to positively verify consumers, global operations to help expand businesses into new markets, digital solutions to improve the overall journey consumers make during interaction with a brand, customer handling to ensure consumer satisfaction at all levels and consumer marketing data and segmentation to improve understanding and targeting of customers and prospects.

Callcredit also offers products for their clients to assess a customer's credit risk and affordability and their experts in collections and recoveries provide tailored debt recovery and tracing tools. Their market analysis and network planning function helps organisations develop profitable retail networks, and their tools in multi bureau, analytics and metrics work to provide fully assessed bureau data.

About TenantID – www.tenantid.co.uk

TenantID is a unique way of vetting a prospective tenant, offering vital information about a tenant's letting history that has never been accessible in this way before.

TenantID's database captures rental history, as opposed to credit history and will help you check a prospective tenant's records by using a unique and easy to navigate system.

TenantID will allow you to take further control of your portfolio of tenants, increase business efficiencies and reduce risk. We aim to help put a stop to arrears, evictions, court cases and other problems by making sure you have the chance to check a tenant's history before offering them the keys to your property.

The TenantID database is designed to support those who have proven themselves to be reliable and honest tenants whilst highlighting those who have posed problems in the past. Most importantly, TenantID aims to bring landlords, agencies and local authorities all under one roof and start networking together, for the mutual benefit of reputable lettings industry colleagues and reliable customers.

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