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Rent payments can help build consumer credit

TransUnion and Experian are now providing options of renters to include rent payments on their credit reports.  Currently rent payments will not impact a consumer’s FICO credit score, but they will show on the report and some scoring models like the VantageScore can be positively impacted by on-time payments.

Read more in this article from The Wall Street Journal or if you’re a landlord interested in accessing rent payment information contact us for more information.