Fresh Changes to Credit Reports – Your Rent Payment Matters Too

A change is gonna come… and if you are a renter, it could be great news for your credit report.
Experian, one of the big three credit bureaus, began including rental payment data on consumer credit reports in January, and will affect the Experian credit score and VantageScore. It’ll be a good addition to most consumers’ credit toolbox, but as with all big changes, there could be a downside.
Right now, Experian has gathered rent payment history from large property managers of approximately 8 million residents nationwide, but reporting rental data could easily become a more widespread practice amongst credit bureaus. Getti

Visa, MasterCard and Discover fill your mailbox with credit card offers. You can’t log onto the Internet without pop-up ads encouraging you to apply for the latest cash-back or rewards credit cards. You’d think, then, that all you’d need is decent credit to qualify for consumer credit cards today.